Germany Chooses Inflation. Bond Investors Say "No Thanks"

Euro death spiral?

Germans are known for their aversion to monetary instability, with good reason. They were victims of an epic hyperinflation in the 1920s, and don’t want to go back there. See: Rhyming History: Weimar Germany's Hyperinflation.

Now fast forward to the 2010s, when Germany was widely seen as both the best-run major country and the financial bedrock of the E…