Back in 1931, the satirical little German magazine Simplicissimus published a prophetic bit of verse. It went:
And when we go to war at last,
Just fight and die, you duffer.
But win or lose, the war once past,
Be sure Herr Schacht won't suffer.
Purse-lipped, stiff-necked Dr. (of economics) Hjalmar Horace Greeley Schacht,* the seeming epitome of bankerly rectitude, has always known how to land right side up. Under Kaiser Wilhelm II he was an ardent nationalist; when the Weimar Republic was popular, he was an ardent Democrat and president of the Reichsbank; when...
To continue reading:
or
Log-In
