Stable money

Why is price stability better for the economy and society than inflation or deflation ?

The periods of German inflation between 1919 and 1923 and between 1936 and 1948 as well as the deflation of 1929-1932 show how unstable money impacts on economic growth, employment and income.

How does this compare with the record of a comparatively stable currency such as the Deutsche Mark? This is demonstrated in a film in which actor Philipp Sonntag takes on the role of a doorman and explains 50 years of monetary policy in Germany.

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