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During the first phase of the Weimar Republic, between 1919 and 1923, the German people found themselves confronted with one of the most severe hyperinflations in modern history. One hundred years later, the stages of this process are traced, briefly highlighting both the political logic as well as the revolutionary nature of inflation. Highlighting, too, the lessons of “the last knight of liberalism”, Ludwig von Mises, it is recalled how an effective and realistic defense of the currency must be accompanied by a philosophical counterrevolution. [ABSTRACT FROM AUTHOR]

Copyright of Austriaca: Cahiers Universitaires d'Information sur l'Autriche is the property of Universite de Rouen, Centre d'Etudes et de Recherches Autrichiennes and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Austriaca: Cahiers Universitaires d'Information sur l'Autriche is the property of Universite de Rouen, Centre d'Etudes et de Recherches Autrichiennes and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Austriaca: Cahiers Universitaires d'Information sur l'Autriche is the property of Universite de Rouen, Centre d'Etudes et de Recherches Autrichiennes and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)