This post is going to be shorter than most of the other articles found here, and won’t be specifically about gold, silver or precious metals at all. It’s going to get a little political, though I won’t be actively making conclusions regarding any politician. This is just an informative post.
I routinely research economics blogs and sites because I believe that the more one knows about economics, then the better an investor one becomes. Today I was browsing the Ludwig Von Mises Institute, a proudly pro-liberty think tank and activist organization. Love the site, the content and the articles. Though sometimes they’re a little off, they typically have their mind on the right track.
But one of the articles took me off guard. It was something I hadn’t given much thought to before: that of Nazi economics. It’s basically a cliche common sentiment that the Nazis were as close to systematic political evil as is humanly possible. It’s become just that — a cliche.
But if you actually look into their radical socialist and collectivist economic takeover, you’ll see that it wasn’t very “right wing” at all — it was extrememly centrally controlled. There was no economic liberty.
So what caused this? Who was the inspiration for the economic totalitarianism? Who was the thought-leader behind the Nazi Economic Policy? The answer is horrifying. John Maynard Keynes is the hero of liberal economics. He’s the one that Barrack Obama follows. He’s the man who’s beliefs are being adhered to by the central banks of the world — on a religious level. He said the following in his 1936 German version of his book The General Theory:
“Nevertheless the theory of output as a whole, which is what the following book purports to provide, is more easily adapted to the conditions of a totalitarian state, than is the theory of the production and distribution of a given output under conditions of free competition and a large measure of laissez-faire.”
Sobering. Horrifying. Disgusting. Evil. These are just a few of the words I have to use for this man. Ideas have consequences. The economics of John Maynard Keynes were enacted radically in Nazi Germany, and are becoming increasingly popular all around the world — including the United States.
I’m not saying Obama is Hitler, or that liberals are Nazis — just that they all follow the same economic leader. This is unavoidable — facts are stubborn things. And this alone is enough food for a lot of thought.
Tags: adolph hitler, economic policy, economics, hitler economics, nazi economics