Leading German Tells of Nazi Qualifications
Intelligence reports from captured Nazi leaders reveal Schacht’s view of Hitler and top officials. Schacht details Nazi finance and inflation, the 1937–38 arming budgets, and the vast war debt, arguing Nazidom shows how power corrupts reason and arithmetic cannot be cheated.
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Baruch Warns Inflation Threat But Sees Recovery Hope
Elder statesman Bernie Baruch told 14 congressmen at the Shoreham hotel that inflation will persist through the next six to nine months with wage and price gains uneven. He opposed tax cuts now, urged slow demobilization, and favored cabinet officials answering to Congress on the floor. Churchill recounted defeat blues and cables in France before finding relief, while a Senate list shows elder statesmen ages from 67 to 80 across parties.
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