Ominous parallels by Leonard Peikoff

Author:Leonard Peikoff [Leonard Peikoff]
Language: eng
Format: epub
Tags: Politique
ISBN: 9780452011175
Published: 1994-05-01T07:00:00+00:00

In November 1923, Germany’s Great Inflation reached its climax. The mark sank to its final level: 4,200,000,000,000 to the dollar. Everyone counting on monetary assets or fixed incomes—on savings, insurance, bonds, mortgages, pensions, and the like—was wiped out. “The intellectual and productive middle class, which was traditionally the backbone of the country,” said one German leader at the time (Gustav Stresemann of the People’s party), “has been paid for the utter sacrifice of itself to the state during the war by being deprived of all its property and by being proletarianized.”21

The Germans could hardly believe that it was happening. Many seemed to become disoriented or even unhinged, and never fully believed in sanity again.

All values were changed, and ... Berlin was transformed into the Babylon of the world [said Stefan Zweig, a Weimar writer].... Even the Rome of Suetonius had never known such orgies as the pervert balls of Berlin. . . . In the collapse of all values a kind of madness gained hold particularly in the bourgeois circles which until then had been unshakeable in their probity.

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