Germany, an Economic Fairy Tale

Germany is rich, but the usual explanations are wrong. Ludwig Erhard is said to be the "father" of the German economic miracle – in reality he was an incompetent economist, a profiteer in the Third Reich, and a liar. The Bundesbank was supposedly the incorruptible "guardian of the Deutsche Mark" – in fact it sent millions into unemployment and almost ruined the German reunification. "Social market economy" sounds like social balance, but it favours the rich. Conversely, real successes are not seen: the reunification was allegedly insanely expensive. In fact, it did not cost a single cent. It is time to say goodbye to the legends. Otherwise we will miss our future.