Ludwig Erhard abolished price controls and stabilized the German currency in one bold stroke on June 20, 1948. Ending the Marshall Plan and kicking off the Wirtschaftswunder. Arguably, the greatest economic miracle of the 20th century.
The Deutsche Mark replaced the worthless Reichsmark at a 10:1 ratio, instantly creating sound money. Erhard simultaneously eliminated Nazi-era price controls on everything except rent, coal, and steel. The Allied authorities were furious. General Lucius Clay summoned Erhard and accused him of modifying the controlled economy. "I have not modified it," Erhard replied. "I have abolished it."
The results were immediate and spectacular. Industrial production jumped 50% in the second half of 1948. By 1950, it had doubled from 1947 levels. Real wages rose 15% per year through the early 1950s while consumer prices actually fell. German workers could suddenly buy what they produced, and they produced more than ever before.
Compare this to Britain, which maintained wartime controls, rationing, and a weak pound through the 1950s. British industrial production crawled upward while German factories hummed. The contrast couldn't be starker: free prices and sound money created abundance, while controls and currency debasement perpetuated scarcity.
Modern economists credit everything except the obvious, that Erhard unleashed market forces and anchored them to stable money. They invoke multiplier effects, infrastructure investment, even "pent-up demand" (whatever that means). They refuse to admit that lifting the boot from the economy's throat works better than any stimulus package ever designed.
Erhard is a legend. Your country needs an Erhard.
@family_guy_arne@Tiefseher@saifedean Only people with zero understanding of the silver mining industry will proclaim that miners can simply increase supply. Despite high prices there is no supply response so far.
@olivergorus Völliger Schwachsinn. Peak Oil wird 2070 erreicht. Massives Underinvestement der großen Player wird zu höheren Preisen führen in 3-5 Jahren.
After much reflection, I have decided to resign from my position as Director of the National Counterterrorism Center, effective today.
I cannot in good conscience support the ongoing war in Iran. Iran posed no imminent threat to our nation, and it is clear that we started this war due to pressure from Israel and its powerful American lobby.
It has been an honor serving under @POTUS and @DNIGabbard and leading the professionals at NCTC.
May God bless America.
Dass Volkswagen 50.000 Mitarbeiter entlassen wird, hat man wohlweislich natürlich nicht vor der Wahl gesagt.
Tatsächlich bin ich mir sicher, dass es das Wahlergebnis noch mal nicht unerheblich beeinflusst hätte.
Auch vor dem Hintergrund, dass von den 50.000 Mitarbeitern 15.000 bei Porsche arbeiten. Man darf halt nicht vergessen, dass im Aufsichtsrat jede Menge Politiker sitzen und zwar von den etablierten Parteien.
Ein Schelm wer Böses dabei denkt.
Dein Gesicht, wenn Dir dämmert, dass der Plan "Versorgungsposten sichern und bis zur Pension von der Substanz vergangener Jahrzehnte leben" evt. doch nicht aufgeht.
i will make it porn addiction, i knew a guy in ohio, an old friend who said porn helped him relax... he smart, disciplined, gym, good physique, business-minded. no red flags.
then i noticed something small but serious, he couldn’t sit with silence, couldn’t stay present in conversations, he couldn’t feel desire unless it was instant and intense... real women bored him, real effort annoyed him, real intimacy felt like work.
he wasn’t addicted to pleasure, he was addicted to escape. porn didn’t ruin his life loudly, it just quietly trained him to avoid discomfort, delay and depth.
it’s quietly training people to be less human, less patient and less capable of real intimacy... that’s why society defends it so hard cos admitting it’s harmful would mean admitting we normalized a coping mechanism that slowly erodes patience, masculinity, intimacy and self-control... without ever looking like a crisis.