His first , well the finance minister he inherited Hjammmer Shmitt or what ever his name was .. , He was switched on ( but was replace by ( why ????) , Uncle Herman , who was under orders to get ready for war and was given 4 years ( the original 25 point plan was kinda lost along the way )
It then became a command economy, the banks were still privatised , ( this answers , dumbarses question) , but now the banks were capped under the command economy and asset stripped after the war .
Snip; Strange how the same name keep popping up ...Im sure Morgan aint a Greek name .....
During the first half of 1922, the Mark stabilized at about 320 Marks per Dollar. This was accompanied by international reparations conferences, including one in June 1922 organized by U.S. investment banker J. P. Morgan, Jr.[10] When these meetings produced no workable solution, the inflation changed to hyperinflation and the Mark fell to 800 Marks per Dollar by December 1922. The cost-of-living index was 41 in June 1922 and 685 in December, a 15-fold increase.
( gini is at 42 for America and was 44 when Rome collapsed .....hey ho ...)
Stephen
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