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From 1917 on, Feder studied financial politics and economics on his own after developing a hostility towards wealthy bankers during World War I and wrote a “manifesto on breaking the shackles of interest” (“Brechung der Zinsknechtschaft”) in 1919. This was soon followed by the founding of a “task force” dedicated to those goals that demanded a nationalisation of all banks and an abolition of interest.
Feder proposes ideas and solutions to problems which not only affected Germany at the time but could apply to any nation today.
Originally published in 1919, this translated manifesto is a must read for anyone interested in history or economics.
Author Biography
Gottfried Feder (27 January 1883 – 24 September 1941) was a German economist and one of the early key members of the Nazi Party. He was their economic theoretician. Initially, it was his lecture in 1919 that drew Hitler into the party.
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