"...we find an article in Harper's describing with a good deal of gusto the financial operations of the Hitler regime. We are told that we must not let the brutality of German political policy "divert our attention from the German financial program. It is revolutionary and it is successful." The author then tells us that if we will look behind the dictatorship we may possibly find "clues to the nature of our own recent financial ills, indicating what has been wrong and what can be done to strengthen economic democracy now and in the future." The men who built this German system are called men of unquestioned genius. It is becoming clear that "Germany's internal financial program is removing the limitations of her financial environment on rates of productive activity. For years prior to the present war German industry operated at capacity. To do these things she is changing capitalism but she is not destroying it." Of course there is nothing new about Hitler's financial operation, as anyone who has read the German chapter of this volume will remember. It is merely the adoption by Hitler of the spending and borrowing tactics of his predecessors, whom he so roundly denounced. Hitler was doing little more than Mussolini was doing, than the republicans and Social Democrats did before him in Germany, and what the old Italian and German Ministers did before the last war."
January 1, 1970