I wouldn’t believe that Hitler was dead, even if he told me himself.
Hjalmar Schacht Quotes
It has been shown that, in contrast to everything which classical national economy has hitherto taught, not the producer but the consumer is the ruling factor in economic life.
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| Birth: | 22nd January, 1877 |
| Death: | 3rd June, 1970 |
| Nationality: | German |
| Profession: | Economist, Politician |
About
Hjalmar Horace Greeley Schacht was born in Tinglev, Denmark. He was a German economist, banker, liberal politician, and co-founder of the German Democratic Party in 1918. He served as the Currency Commissioner and President of the Reichsbank under the Weimar Republic. While he never joined the NSDAP, he became a supporter of Adolf Hitler. He served in Hitler's government as President of the Reichsbank from 1933–1939 and Minister of Economics from 1934–1937. He was dismissed as President of the Reichsbank in January 1939. In 1953, he founded a private banking house in Düsseldorf. He also advised developing countries on economic development. He earned his PhD in Economics from the University of Berlin in 1899. He wrote several books include: The End of Reparations,
Confessions of "the Old Wizard"(Autobiography), and The Stabilization of the Mark.
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