Understandable question, but nuance is needed here. He was central banker only from 1930-1933 before being "encouraged to leave". As for hyperinflation - "As Minister of Finance he helped stabilize the Mark during the hyperinflation of 1923."
The article is worth reading. The different roles and powers of central banks and ministry of finance is an important one to consider. History is a complex flow of events.
Luther's successor, Hjalmar Schacht is also quite interesting, as he helped develop the strategy for rearmament via the German central bank. Richard Werner discusses this in the first half of his book, Princes of the Yen.
Understandable question, but nuance is needed here. He was central banker only from 1930-1933 before being "encouraged to leave". As for hyperinflation - "As Minister of Finance he helped stabilize the Mark during the hyperinflation of 1923."
The article is worth reading. The different roles and powers of central banks and ministry of finance is an important one to consider. History is a complex flow of events.
Luther's successor, Hjalmar Schacht is also quite interesting, as he helped develop the strategy for rearmament via the German central bank. Richard Werner discusses this in the first half of his book, Princes of the Yen.