Consume Product

It was basically capitalism with heavy government regulation. There was still private ownership, so there was a profit incentive, but there was also a lot of taxation, regulation or prices, etc.

>Did companies retain profits as they do in capitalism?

Yes but you have to keep in mind that companies were also regulated, the idea was to insure every company was ultimately acting in the interest of Germany.

>Reichsmark was backed by production rather than gold.
I believe that was a simplified way of saying that the gold standard was out of date and the Third Reich ultimately saw the truth of chartalism, or what is today called MMT, the idea that money as a unit of account ultimately owes itself to government writ, and nothing else which in reality means that value is based on the labor within a nation, not on the amount of gold, or any other metal or tradable good.

I think the logic used is that money is created by the state, but the state is the will of the people, hence ultimately all money is backed by the labor of the people.

>But how was this achieved without printing money and causing inflation?

A lot of money came from borrowing which is how most states prevent increased spending from leading to inflation. Although like I said above there was also a lot of taxation and regulation when there was money that was printed to get money out of the money supply that would otherwise cause inflation. Another reason there was no inflation could be simple that Germany and much of the world was in a depression with intense deflationary pressure, meaning if anything government money printing and spending was just returning the value of money to a normal rate.

Ultimately his policies worked because Hitler was dedicated to doing "whatever worked" rather than anything ideological. The question was never "what economic ideology do I follow" it was "what works?"

Men aged 18-25 were given six-month fixed term contracts as part of the mandatory Reichsarbeitsdienst before military conscription. They received a subsistence-level pay, which meant enough money for the very basics, with prices that were controlled by the central government. Sometimes meals, accommodation, and uniforms were provided by the job.

A huge benefit was using the Gestapo to enforce rationing laws and punish hoarding, bartering, and profiteering. Effectively destroying black markets at the time.

Bonus. Here is a good pamphlet to help separate your mind from jewish economics and understand the NSDAP way:

https://archive.org/details/bernhard-koehler-rassenkampf-der-wirtschaft-1939-28-s.-scan-fraktur/mode/2up

if you have the time, you should [read the works of the man who inspired Hitler on Economics](https://pomf2.lain.la/f/nmhkf01b.pdf)

 

It's rather simple.

The government needs something. So it prints some money, and gives it to the person who has what it needs. For instance, if they need a car, they pay the auto manufacturer for a car with money they just printed. If they need a road built, they give it to a construction company to build that road.

What is that money good for? Taxes, for starters. When you go to pay the government taxes, you need that money that they printed. So you have to go to a worker, convince him to give you some of it, then you can pay your taxes. How do you convince a middle or low class worker to give you money? You have to create something they want or need. I believe the government would collect taxes in the form of tariffs and other things, mostly directed towards punishing those who were not working and not producing. So if you wanted to bring in foreign goods, you needed to not only come up with the foreign currency to buy it, but the local currency to cover the tariff.

Remember when Reagan became president and he put the money printers on furlough? And then, all of a sudden, inflation stopped and the economy started to heal? The reason why there is inflation is not because the government is printing money. It's not even because it's printing *too much* money. It's because it's printing money and giving it to people who don't deserve it, who aren't creating goods and services. Just stop giving your money to your enemies and the economy naturally recovers. The money was intended to be put in the hands of people who actually create stuff and do things. And once you incentivize that, everything else falls into place. Once you stop giving your money to the parasites, things magically work again.