There’s lots to not like in this Der Spiegel article on the book Hitler’s People’s State: Robbery, Racial War and National Socialism: New Holocaust Book, New Theory: How Germans Fell for the ‘Feel-Good’ Fuehrer. (I look forward to Paul Gottfried’s response to the book). But the author’s thesis seems plausible, especially his emphasis on the role of government credit and plunder: “half the war was financed by government credit and… close to 70 percent of the rest came from plunder.” In particular, the story of domestic intervention in the market leading to military intervention abroad leading in turn to more … Continue reading Fuel for the Nazi War Machine: Paper Money and Plunder