logo

Weimar (1923) #1

Edition 1 of 1
Weimar (1923) #1
Royalties
Royalties
Asset details

1

253

About this artwork

“Of course all the little people who had small savings were wiped out. But the big factories and banking houses and multimillionaires didn't seem to be affected at all. They went right on piling up their millions. Those big holdings were protected somehow from loss. But the mass of the people were completely broke. And we asked ourselves, "How can that happen? How is it that the government can't control an inflation which wipes out the life savings of the mass of people but the big capitalists can come through the whole thing unscathed?" We who lived through it never got an answer that meant anything. But after that, even those people who used to save didn't trust money anymore, or the government.” - Personal account from the 1923 hyperinflation in the Weimar Republic. The artwork depicts children from the Weimar Republic playing with bundles of German Papiermark that were essentially worthless at the time. The flames represent the toxic nature of fiat and also the idea that saving in fiat is like playing with fire.
SHOW MORE +

History

VictorLibertas
@VictorLibertas accepted 0.001 L-BTC from @m3tavers3 for Weimar (1923) #1
7 months ago
m3tavers3
@m3tavers3 offered 0.001 L-BTC for Weimar (1923) #1
7 months ago
m3tavers3
@m3tavers3 offered 0.001 L-BTC for Weimar (1923) #1
7 months ago
View more
Weimar (1923) #1

About this artwork

“Of course all the little people who had small savings were wiped out. But the big factories and banking houses and multimillionaires didn't seem to be affected at all. They went right on piling up their millions. Those big holdings were protected somehow from loss. But the mass of the people were completely broke. And we asked ourselves, "How can that happen? How is it that the government can't control an inflation which wipes out the life savings of the mass of people but the big capitalists can come through the whole thing unscathed?" We who lived through it never got an answer that meant anything. But after that, even those people who used to save didn't trust money anymore, or the government.” - Personal account from the 1923 hyperinflation in the Weimar Republic. The artwork depicts children from the Weimar Republic playing with bundles of German Papiermark that were essentially worthless at the time. The flames represent the toxic nature of fiat and also the idea that saving in fiat is like playing with fire.
Comments

More by this artist

Adopt Now (2022)
Adopt Now (2022)
Adopt Now (2022)