The German Currency Reset of 1948 and the Wirtschaftswunder.
Description: #WWII #germany #alliedpowers #freemarket #deutschemark #soundmoney #inflation #freemarket #socialism #keynesianeconomics #2020crisis #steemleo
Today I look at the West German Economic Miracle after World War II and the main ingredients behind what the Times of London called "Wirtschaftswunder" bank in 1950.
I compare and contrast the economic, monetary and fiscal policies implemented by the United States in post-war Germany to what our political and monetary leaders are implementing on our own economies in the wake of the self-imposed economic collapse we are witnessing today.
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