The Lasting Legacies of World War I

Economic Bulletin

Vol. XLVIII No. 11 : November, 2008

This November marks the 90th anniversary of the end of World War I. The war ushered in a period of big government and paper money inflations. The most devastating examples were the hyperinflations in postwar Germany and Austria. The world still is under the influence of those same ideas of government paternalism and monetary central planning.

by Richard Ebeling

Richard M. Ebeling

Richard M. Ebeling, an AIER Senior Fellow, is the BB&T Distinguished Professor of Ethics and Free Enterprise Leadership at The Citadel, in Charleston, South Carolina. Ebeling lived on AIER's campus from 2008 to 2009. He is the author of For a New Liberalism (AIER, 2019) 

Vol. XLVIII No. 11

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