The Mises Institute reveals in its article "Hitler's Economics" the following things about Hitler:
In the 1930s, Hitler was widely viewed as just another protectionist central planner who recognized the supposed failure of the free market and the need for nationally guided economic development. Proto-Keynesian socialist economist Joan Robinson wrote that "Hitler found a cure against unemployment before Keynes was finished explaining it."
What were those economic policies? He suspended the gold standard, embarked on huge public-works programs like autobahns, protected industry from foreign competition, expanded credit, instituted jobs programs, bullied the private sector on prices and production decisions, vastly expanded the military, enforced capital controls, instituted family planning, penalized smoking, brought about national healthcare and unemployment insurance, imposed education standards, and eventually ran huge deficits. The Nazi interventionist program was essential to the regime's rejection of the market economy and its embrace of socialism in one country.
Just reading it makes me facedesk is how Filipino activists put Hitler on a negative light while they support economic protectionism. While Hitler wasn't wrong to impose some stuff but notice the stuff which I placed in bold letters. His policies where he ran a very controlled economy like shielding the local German industry from foreign competition was just the start. The part where he decided to bully the private sector especially those owned by European Jews destroyed more funds. He was also into the welfare state mentality and didn't account for the money or funding. Protecting industries from foreign competition and destroying Jewish businesses further destroyed the source of fundings. That's what you get when you believe money falls from the sky or that the government should directly produce jobs than the private industries. Hitler may have confiscated wealth and assets but he certainly used them poorly. All his reckless economic decisions only left Germany broken after World War 2 and didn't improve it after World War 1.
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