The economic recovery under Hitler stands as a remarkable feat of financial swiftness. Consummated in less than four years, the Nazi resurgance could vault by the end of 1938 the erasure of nearly eight million unemployed, the total absense of inflationary pangs, and the most ravaging army one could then conceive. The monetary contrivances behind such a conjuring of awesome potency were imagined by a team of traditional bankers, headed by Reicksbankprasident Hjalmar Schacht. It is here argued that the financial underlining of the Nazi episode is but a variation of the famous 'monetary sleight-of-hand' that Mephisto played before the Kaiser in Goethe's Faust. Theatrical prophecy and war expectancy mix uncannily in this unique example of economic expediency acheived without the least concern for ideological etiquette.
How to Cite
Preparata, G. ., (2002) “Hitler's Money”, American Review of Political Economy 1(1). doi: https://doi.org/10.38024/arpe.68