How the Nazis created an economic miracle (Money & Macro)

00:00 Intro
01:47 The economic miracle that killed millions
09:53 how did Schacht stop German hyperinflation?
15:02 Hitler and Schacht
19:23 The Neuer plan
20:59 Schacht’s plan
31:48 The fall of Schacht
37:47 Conclusion + Sponsor



This is not so much about the Na-zis as it is about how basic economics works, where you can see the consequences of certain actions, like excessive money printing. With too much money chasing goods and assets you get inflation. Plus a wrecked economy in general can have the currency devalued in international markets. Extreme amounts of excess capital also occur with imported money/people (open borders policy).

However, when it comes to looking after a domestic economy you can actually print money and pay for things so long as it's NOT too excessive, which hits on the idea of a Public Bank. The other big thing is to whom the money is owned. If a Public Bank just generates capital out of thin air, as they do, then the debt can also be cancelled, or part cancelled. But if a private bank generates the debt within a globalised system, then you are on the hook if the money is not paid back, which can be used to destroy the value of a currency and a country.

It's worth taking the time to go through this video to get some real world lessons. One should look at this clip in terms of Public Banking (assisting the productive side of the economy), self sufficiency in terms of raw materials and industry, and avoiding debt traps.

[Posted at the SpookyWeather2 blog, October 15, 2025.]