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Hjalmar Schacht

"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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"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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Explore more quotes by Hjalmar Schacht

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Hjalmar Schacht
"Only the closest collaborators of the Fuehrer know how difficult is the burden of this responsibility; how sorrowful are the hours during which decisions must be made which bear upon the well being and the fate of all of Germany."
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Hjalmar Schacht
"Since our economy is closely allied with that of foreign countries, not one of us can be indifferent to what consequences these disturbances can have at home and abroad."
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Hjalmar Schacht
"Instead of a weak and vacillating Government, a single, purposeful, energetic personality is ruling today."
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Hjalmar Schacht
"Wherever my work may take me in the near future even if you should see me one day within the fortress - you can always count on me as your reliable assistant."
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Hjalmar Schacht
"Material loss can be made up through renewed labor, but the moral wrong which has been inflicted upon the conquered peoples, in the peace dictates, leaves a burning scar on the people's conscience."
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Hjalmar Schacht
"Germany stays and falls with the success of the policy of Hitler."
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Hjalmar Schacht
"The aim and the idea of the Four Year Plan were and remain entirely correct and necessary!"
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Hjalmar Schacht
"With the aid of this credit policy, however, Germany created an armament second to none, and this armament in turn made possible the results of our policy."
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Hjalmar Schacht
"And this thesis is somewhat connected with general social and political observations, because it establishes the fact that the number of consumers is considerably larger than the number of producers, a fact which exercises a not inconsiderable social and political pressure."
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Hjalmar Schacht
"Rules are to be initiated for the allotment of scarce raw materials etc; and their use and processing for other than war, or otherwise absolutely vital, goods is prohibited."
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