Hyperinflationary Depression vs. Deflationary Depression

In this video, former stockbroker Max Keiser and Greg Hunter of USA Watchdog talked about the experience that Germany had in the 1920's vs. that of the United States in the 1930's, and how that influences policy makers in each country today.

Germany experienced a hyperinflationary depression, so today their policy makers tend to favor austerity. The United States experienced a deflationary depression, so they favor stimulus as a solution.

Currencies, in turn, are affected as a result.