“But that the state in general sees as right the sole means of accepting interest-bearing loans - thus debts, when it needs money and applies its other sovereign rights today only in an underhand manner to collect the incurred debts from the people, these are conditions for which one seeks in vain for a reasonable explanation. There is indeed no reasonable explanation for it, but only the fact that our entire thought even in national financial political matters is directed or corrupted in a private capitalistic manner.”

Source: The German State on a National and Socialist Foundation (1923), p. 104

Adopted from Wikiquote. Last update June 3, 2021. History

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Gottfried Feder 28
German economist and politician 1883–1941

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