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Hjalmar Schacht

economist, banker, politician

1877  – 1970

Horace Greeley Hjalmar Schacht was a German economist, banker, politician, and co-founder of the German Democratic Party. He served as the Currency Commissioner and President of the Reichsbank during the Weimar Republic. He was a fierce critic of his country's post-World War I reparations obligations. He was also central in helping create the group of German industrialists and landowners that pushed Hindenburg to appoint the first Nazi-led government.

All Quotes by Hjalmar Schacht

The economy is a very sensitive organism.

Hjalmar Schacht

My so-called foreign friends do neither me nor the situation nor themselves any good when they try to bring me into opposition to the allegedly impossible National Socialist economic theories and declare me to some extent the protector of economic reason. I can assure you that everything I say and do has the complete approval of the Fuhrer and that I would not say or do anything that does not have his approval.

Hjalmar Schacht

The Jews must realize that their influence in Germany has disappeared for all time. We wish to keep our people and our culture pure and distinctive, just as the Jews have always demanded this of themselves.

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.

Hjalmar Schacht

Colonies are necessary to Germany. We shall get them through negotiation if possible; but if not, we shall take them.

Hjalmar Schacht

One thing I fear, that you Americans will do the same thing that you did after the last war. I mean that you will pull out of here and leave Europe, then Russia will have her way. Private enterprise and individual rights will be lost just as much as under a Nazi government. Frightful!

Hjalmar Schacht

I was never in the army - I never had a uniform - I was never a soldier. I detest uniforms because they make one unfree. There is an old quotation that goes something like this: 'Your mind will be trained well, but confined to Spanish boots.' That quotation is very apt. It signifies how narrow the military mind becomes.

Hjalmar Schacht

I have never believed in war. It is a crime against humanity whether you win or lose. I just read an article in this magazine I have in my hands that one day the moon will fall on the earth, but it is my feeling that until then, we should try to make the world a better place to live in.

Hjalmar Schacht