gjohnsit archive

Germany's Hyperinflation-Phobia and The Rise of the Nazis

With all the "Trump is a Nazi" rhetoric, I thought now would be a good time to repost this diary.

The only thing worse than forgetting history is misremembering it.
Getting your history wrong can cause important mistakes.

  For instance, people wonder why Germany is so insistent on austerity measures in Europe despite the continent sinking into deflation.
  The reason given usually looks like this.

The broken system of CEO pay

There's been a lot of heated debate over sky-high corporate compensation, but little information about how those immense salaries are agreed to.

Supporters of the current system will point out that those CEO's don't dictate their salary. It is negotiated in a free-market system.

Is that the whole story? No. In fact that is only a half-truth.

A century ago we invaded and occupied a nation

"Bandit" is a very interesting term. It implies that we aren't actually fighting a war against a legitimate military foe, but are instead just hunting a group of outlaws. Thus the rules of war don't apply.
Bandit was the term used by America when it occupied Nicaragua from 1925 to 1933 and failed to quash the Sandino Revolt. But where did the American propaganda machine create that term from?