/liberty/ - Liberty

The Nazi economy was terrible. Hitler was a cronyist

> Big businesses - The Nazis had promised to curb the power of monopolies, but by 1937 they controlled over 70 per cent of production. Rearmament from 1935 onwards boosted profits of big weapons companies, and managers of the major industrial companies saw their incomes rise by 50 per cent between 1933 and 1939.

> Small businesses - Rules on opening and running small businesses were tightened, which resulted in 20 per cent of them closing.

>>98439

>This period of inflation was remarkable for the success in suppressing an increase in prices

i thought increase of prices is what defines inflation

>In economics, inflation is a sustained increase in the general price level of goods and services in an economy over a period of time.[1][2][3][4]

>>98456

All currency not made of precious metals is promisory, in other words IOU payments. All currency made of precious metals is just a complex form of trade.

Remember, the first currency happened in the middle ages when pilgrims to the promised land couldn't bring their gold with them, so they brought a paper notarized by a trusted person saying "this guy has X amount of gold". They then traveled with these papers, went to another trusted person, and asked for X amount of real physical gold based on the legitimacy of the paper itself.

Unless you're trading with things of value, you're just doing IOU's.

>>98439

>>98479

it was not sustainable because the prices were controlled and goods subsided whit money that the state didnt had.

>>98558

did not they print the money?

>>98589

before the war, it was mostly covered by bills, after the war the german state took direct control of the central bank and started to just print money, the income taxes were raised to 50% percent.

This topic is taboo between the third position.