Sunday, March 01, 2009

Hitler's Economics

According to the Anti-Defamation League, "Regardless of the economic arguments, Hitler's economic policies cannot be divorced from his great policies of virulent anti-Semitism, racism and genocide."

Lew Rockwell explains what those economic policies were: "He suspended the gold standard, embarked on huge public works programs like Autobahns, protected industry from foreign competition, expanded credit, instituted jobs programs, bullied the private sector on prices and production decisions, vastly expanded the military, enforced capital controls, instituted family planning, penalized smoking, brought about national health care and unemployment insurance, imposed education standards, and eventually ran huge deficits. The Nazi interventionist program was essential to the regime's rejection of the market economy and its embrace of socialism in one country."

Nixon dealt the final blow to the gold standard. The rest of the list sounds like a list of what the last and present administrations did, are doing, and are planning to do.
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