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To: Maurice Winn who wrote (4999)	6/15/2001 10:35:15 PM
From: Ilaine	Respond to of 74559

I promised DJ I wouldn't talk about the Great Depression anymore, but can't resist pointing out that Hitler in fact did not make the Depression in Germany worse. He became Chancellor in 1933, and Fuhrer in 1934, on the death of Hindenberg. The Depression was already in full swing in Germany by 1930, probably started 1927-1928, when private loans to Germany dried up. Hitler practiced deficit spending long before Keynes persuaded anyone else to try it,* and achieved full employment thereby, conscripting those who could not find other employment. It is unlikely, IMO, that Hitler would have come to power but for the massive unemployment Germany suffered during the Great Depression. *I don't mean to say that Hitler was a student of Keynes. German economists did practice something they called "rationalization," a form of social planning, and perhaps they were students of Keynes, but they were not at all big on deficit spending. Hitler just didn't really care how much money was spent when he wanted something done. The Nazi economy would have become bankrupt except for looting other people's money.