Friday, April 17, 2009

Some Notes on Nazi Economics

As a matter of interest...from Von Mises:

The difference between the systems, wrote Mises, is that the German [Nazi] pattern "maintains private ownership of the means of production and keeps the appearance of ordinary prices, wages, and markets." But in fact the government directs production decisions, curbs entrepreneurship and the labor market, and determines wages and interest rates by central authority. "Market exchange," says Mises, "is only a sham."


"While state representatives are busily engaged in investigating and interfering, our agents and salesmen are handicapped because they never know whether or not a sale at a higher price will mean denunciation as a ‘profiteer' or ‘saboteur,' followed by a prison sentence. You cannot imagine how taxation has increased. Yet everyone is afraid to complain. Everywhere there is a growing undercurrent of bitterness. Everyone has his doubts about the system, unless he is very young, very stupid, or is bound to it by the privileges he enjoys

That second part resonates with anyone who has undergone a State DofR audit.

HT: Pertinacious Papist

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