"With the aid of this credit policy, however, Germany created an armament second to none, and this armament in turn made possible the results of our policy"
About this Quote
Schacht, a central banker and economic planner, is speaking from inside the Weimar-to-Nazi transition where Germany’s fiscal constraints and international scrutiny made straightforward military spending politically and financially difficult. His “aid” is the key euphemism. It gestures to the financial engineering and state-directed credit mechanisms that could mobilize resources without looking like conventional deficit spending. In other words: the weaponization of monetary policy, pitched as clever management.
The subtext is defensive and proud at the same time. Schacht wants credit for enabling “an armament second to none,” while also implying a kind of inevitability: once the machinery of finance is set in motion, the outcomes follow. That rhetorical move matters because it splits responsibility. The economist becomes a facilitator, not an author, even as he quietly claims authorship of the regime’s capacity.
Context sharpens the chill. Schacht wasn’t a uniformed ideologue; he was the respectable face of national revival, the bridge between capital, the state, and a militarizing agenda. The quote reveals how modern authoritarian projects often depend less on mass frenzy than on managerial competence - and on language that treats preparation for war as an impressive performance metric.
Quote Details
| Topic | War |
|---|---|
| Source | Help us find the source |
| Cite |
Citation Formats
APA Style (7th ed.)
Schacht, Hjalmar. (2026, January 15). With the aid of this credit policy, however, Germany created an armament second to none, and this armament in turn made possible the results of our policy. FixQuotes. https://fixquotes.com/quotes/with-the-aid-of-this-credit-policy-however-75104/
Chicago Style
Schacht, Hjalmar. "With the aid of this credit policy, however, Germany created an armament second to none, and this armament in turn made possible the results of our policy." FixQuotes. January 15, 2026. https://fixquotes.com/quotes/with-the-aid-of-this-credit-policy-however-75104/.
MLA Style (9th ed.)
"With the aid of this credit policy, however, Germany created an armament second to none, and this armament in turn made possible the results of our policy." FixQuotes, 15 Jan. 2026, https://fixquotes.com/quotes/with-the-aid-of-this-credit-policy-however-75104/. Accessed 10 Feb. 2026.

