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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: pater tenebrarum who wrote (46324)12/11/2000 8:48:40 PM
From: eddieww  Read Replies (2) of 436258
 
"...an interesting historic fact being that big inflation episodes are socially much more destabilizing than deflationary periods. Hitler vs. FDR in short."

I don't really know what economic and monetary policies the Nazis introduced. I vaguely remember a Finance Minister, Dr. Schacht?, who was the mastermind of a very impressive turnaround for Germany. I may be confused on the name, but whoever it was cemented the enormous popularity of Hitler. My impression is that when the Nazis came to power Germany was in economic doldrums/depression, with very high unemployment. A couple years later they were the strongest economy in Europe, maybe the planet. Of course, Hitler's repudiation of reparations helped a lot, no doubt. How did they manage it?
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