In the 1930s only one country put expansionary policies fully into practice. Hitler's Germany, guided by the explicitly Keynesian economic thinking of its Finance Minister, Hjelmar Schacht, rapidly restored full employment by building the autobahns, even before it turned to rearmament.
Friday, March 20, 2009
Ein Volk, ein Reich, ein fiskalisch Stimulus
Anatole Kaletsky’s latest column raises an interesting point for those who love to liken our ‘NuLab’ government to the Nazis: