Hjalmar Schacht: Economics

Hjalmar Schacht was German politician. Explore interesting quotes on economics.
Hjalmar Schacht: 18   quotes 1   like

“It has been shown that, in contrast to everything which classical national economy has hitherto taught, not the producer but the consumer is the ruling factor in economic life.”

Hjalmar Schacht

As quoted Nazi Conspiracy and Aggression (1946) by the United States Department of State, Vol. 2, p. 746.

Life

“My so-called foreign friends do neither me nor the situation nor themselves any good when they try to bring me into opposition to the allegedly impossible National Socialist economic theories and declare me to some extent the protector of economic reason. I can assure you that everything I say and do has the complete approval of the Fuhrer and that I would not say or do anything that does not have his approval.”

Hjalmar Schacht

Speech in Leipzig (4 March 1935), as quoted in The Trial of the Germans : An Account of the Twenty-Two Defendants Before the International Military Tribunal at Nuremberg (1997) by Eugene Davidson, p. 234.

“The memory of war weighs undiminished upon the people's minds. That is because deeper than material wounds, moral wounds are smarting, inflicted by the so-called peace treaties. … Material loss can be made up through renewed labor, but the moral wrong which has been inflicted upon the conquered peoples, in the peace dictates, leaves a burning scar on the people's conscience. … The Versailles Dictate cannot be an eternal document, because not only its economic, but also its spiritual and moral premises are wrong.”

Hjalmar Schacht

On the Treaty of Versailles, as quoted in Nazi Conspiracy and Aggression (1946) by the United States Department of State, Vol. 2, p. 754.

War , People , Peace , Memory