Stage 3: Stable money - Why does it pay off?
Why is price stability better for the economy and society than inflation or deflation?
The periods of German inflation between 1919 and 1923 and between 1936 and 1948 as well as the deflation of 1929-1932 show how unstable money impacts on economic growth, employment and income.
How does this compare with the record of a comparatively stable currency such as the Deutsche Mark? This is demonstrated in a film in which actor Philipp Sonntag takes on the role of a doorman and explains 50 years of monetary policy in Germany.