Was Hitler's banking system the same as Lincoln's? is that what Dennis Kucinich and Bernie Sanders propose?

Economics Economics Questions
1

That’s what I’ve been wondering. I was guessing that Hitler was a proponent of fractional reserve banking, but I could be wrong about that. What exactly was his banking system like if it wasn’t the same as Lincoln’s? I’m kind of confused because he said he was against “finance captialism”, but at the same time, he promoted it by borrowing for some of his military spending. Or were the loans to the Nazi State interest free?

Hitler was no hard money 100% reservist, right?

Also, do Dennis Kucinich and Bernie Sanders oppose hard money and FRB? If they do, then do they support the system Lincoln had, which was just as corporatist as the Fed (even though they’re anti-corporatist, they may fall for the myth that Lincoln was a man of the people and that his national banking acts were democratic socialism)? Or do they support Ellen Brown’s proposal for zero reserve and fiat currency that people borrow interest free and then return when they’re done with it?

Finally, I’m a little confused about what Dr. Paul supports. Does he support a 100% reserve mandate and gold and silver as legal tender, or does he support fractional reserve banking and no legal tender, or something else?

2

Hitler himself was famously uninterested in economics. The Nazis pretty much just printed the money they needed, which is why the economy fell apart during the war. They would rant against “finance capitalism”, which was seen as a plot by the Jews, but that was just rhetoric.

3

Any other answers to any of the questions? Any and all replies would be greatly appreciated:)

4

Ron Paul supports a free market in money through competing currencies.

5

Thanks LS. :slight_smile:

So he doesn’t favor making Gold and/or silver legal tender? Does even favor having the government coin gold as money?

Also, do you know if Lincoln’s National Banking System was anything like Hitler’s? I’ve googled it, but I can’t really find that an explicit of an answer.

6

I believe RP wants to repeal legal tender laws. I am not sure about the second question.

I have no idea. Tom DiLorenzo is the resident Lincoln expert, it might be a good question to send to him by email. If you need help getting his email address, let us know and someone here can help. That said, we can’t promise he will reply.

7

Germany hyperinflation happened before Hitler (Weimar republic).