Guest Post: Hitler’s Economics & Why You Should Know A Thing Or Two About Them
by Chris Rossini
Hjalmar Schacht was Hitler’s economic guy. According to Wikipedia, Schacht: ”became a supporter of Adolf Hitler and the Nazi Party, and served in Hitler’s government as President of the Reichsbank and Minister of Economics. As such, Schacht played a key role in implementing the policies attributed to Hitler.”
Now, we all know what happened to Hitler. But what about Schacht?
On June 9, 1947 Henry Hazlitt would write in Newsweek:
Nazism was defeated in war. Hjalmar Schacht, the Nazi economic wizard, is in jail.
So Hitler was dead, and his economic guy went to jail
But what about the economic ideas that the two would implement together? What happened to them?