The Ugly Inflationary Deleveraging

While you can get the rough big picture of the dynamic from the numbers below, which summarize the hyperinflation of the Weimar Republic, the explanation that will follow later will make this picture clearer. This dynamic is basically the same as those in other inflationary deleveragings such as those in Latin America in the 1980s.

虽然您可以从下面的数字中得到粗略的动态图片，总结了魏玛共和国的恶性通货膨胀，随后的解释将使这张图片更清晰。这种动态基本上与其他通货膨胀的杠杆化措施（如1980年代的拉丁美洲）相同。

The attribution of the hyperinflation and default in reducing the debt is shown below:

恶性通货膨胀和违约在减少债务方面的归属如下：