Market legend Art Cashin revisits Germany's hyperinflation nightmare

Every now and then it helps to dig through the past.
Let's rewind back to 1920s Germany.
Back then the country was stuck in a less-than-ideal economic situation after the suspension of the gold standard and Kaiser Wilhelm II's failure to pass an income tax to help pay for World War I.
So, to deal with the huge debts left over after the Great War, the president of the country's central bank, Rudolf von Havenstein, printed up a ton of money.
But that plan backfired. It led to skyrocketin