We were not foolish enough to try to make a currency…
![“We were not foolish enough to try to make a currency [backed by] gold of which we had none, but for every mark that was issued we required the equivalent of a mark's worth of work done or goods produced ... we laugh at the time our national financiers held the view that the value of a currency is…” quote by Adolf Hitler](https://sms4smile.com/q/img-quotes/db1/adolf-hitler-253_currency_we-were-not-foolish-enough-to-try-to-mak_791068.jpg)
“We were not foolish enough to try to make a currency [backed by] gold of which we had none, but for every mark that was issued we required the equivalent of a mark's worth of work done or goods produced ... we laugh at the time our national financiers held the view that the value of a currency is regulated by the gold and securities lying in the vaults of a state bank.”
About This Quote
This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation.
The speaker argues against gold-backed currency, demanding work or goods for each issued mark, mocking those who tie value to gold reserves.
In simple terms: Reject gold standard; tie money to productive output.
Key Takeaway
Tie currency to real production.
Themes
economics
politics
history
Mood
critical
historical
Type
political
economic
When to use this quote
- government policy
- inflation control
- economic planning
Key Concepts
currency theory
gold standard critique
Questions to Reflect On
- Can a work-backed currency be feasible today?
- What are the risks of abandoning gold?
A Different Perspective
Implementation would be impractical in modern economies.