Episode 62
The German Economic “Miracle”: Ludwig Erhard
Portraits of Liberty · Libertarianism.org
September 10, 202417m 38s
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Show Notes
Following World War II, Germany's economy was in ruins and was made even worse by ongoing price controls implemented by the state. Ludwig Erhard, an economist from a humble background, immediately abolished all price controls when elected director of economics in occupied Germany. The result is what economists and historians call an economic miracle, but what Erhard himself believed was the natural result of an economy freed from bureaucracy and state intervention.
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