For those who don't know what the "Greece" problem in Europe is about - here's the explanation

[JDPriestly]

29. Having lived in Germany and Austria and having discussed this

with members of that older generation, I disagree with your textbook opinions. The great inflation was never forgotten.

The NAZIS covered up the unemployment problems by furloughing people with what we would call generous unemployment payments (my very elderly neighbor retired at 35 during the 1930s and never worked again) and hired people to work in the defense industry.

In fact, the NAZIs, if you recall, had labor camps in which they put all the people they didn't like forcing them to work until they succumbed to hunger and exhaustion or survived. So there was no shortage of work.

The effects of the great inflation were felt by the people long after the economists would say it had ended.

This is similar to our situation in which economists will tell you that we are no longer in a deep recession, but ordinary people are still suffering from the serious effects of the recession. If, in recent times, you lost your job and your house was foreclosed, and you were made homeless, you would blame the recession/depression, not subsequent economic events that you probably would not understand.

Historians' and scholars' analyses of history are often inaccurate because they cannot see events through the eyes of the ordinary people who remember how they saw them.