Quote by: Hjalmar Schacht

And this thesis is somewhat connected with general social and political observations, because it establishes the fact that the number of consumers is considerably larger than the number of producers, a fact which exercises a not inconsiderable social and political pressure.


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Author Bio


  • NameHjalmar Schacht
  • DescriptionGerman politician
  • BornJanuary 22, 1877
  • DiedJune 3, 1970
  • CountryGermany
  • ProfessionEconomist; Banker; Politician
  • AwardsGolden Party Badge