Hjalmar Schacht Quotes


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.


Context

He had been the President of the German Reichsbank under the Weimar Republic and had real credentials as an Economist. Many Europeans and Americans assumed that he could not be as apparently irrational as the Nazi rhetoric at the time. However, he had become a committed Nazi as this quotation demonstrates. Most of the professional men of Germany became Nazis out of conviction or as a means of getting ahead or maintining their position. Given the solid anti Fascist character of the overwhelming majority of Germans at the beginning of the 21st century. It is hard for most of us to believe that most of the Germans were ideological, Fascist, Right Wing, extremist fanatics, but the German national character transition has been remarkable and is in great part the result of a painful self examination of German history and men like Schacht.


Citations

Hjalmar Schacht, 1877–1970, President of the German Reichsbank, Nazi Germany Minister of Economics, Speech in Leipzig, March 4, 1935

Sourced by: Eigen's Political and Historical Quotations

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Hjalmar Schacht
Hjalmar Schacht
  • Born: January 22, 1877
  • Died: June 3, 1970
  • Nationality: German
  • Profession: Economist

Hjalmar Schacht was a German economist, banker, centre-right politician, and co-founder in 1918 of the German Democratic Party. He served as the Currency Commissioner and President of the Reichsbank under the Weimar Republic. He was a fierce critic of his country's post-World War I reparation obligations.