Underappreciated fact about China’s political economy. Between 1937 and 1949 it suffered a hyperinflation worse than that of Weimar Republic.

Underappreciated fact about China’s political economy. Between 1937 and 1949 it suffered a hyperinflation worse than that of Weimar Republic. One of CCP’s key claims to legitimacy is price stability.
Chartbook Newsletter #26 on China’s hyperinflation.
adamtooze.substack.com/p/chartbook-ne… https://t.co/gVx1ZrGHrG

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