Saturday, August 14, 2010

Quantitative easing in Europe circa 1943

Present day Schachtians cling to the belief that Hjalmar Schacht, the Nazi Minister of Economics, "solved the depression" in Germany. Some have attempted to separate Schacht's methods from the Nazi regime in order to study Schachtian economics as a "pure model," supposedly providing valuable guidelines for recovery economics. Schacht himself would have dismissed such separation as ludicrous, since the crux of Schachtian economy is fascism and the indispensable fascist state.

(Note: when I first tried to visit this page, I got a notice that doing so might harm my computer. So, I backed up, tried again, and did not receive the notice the second time. It seems that someone is trying to discourage people from visiting this site.)