Good morning from Germany where the deindustrialization continues. High energy prices & rigid rules are hurting Germany's industry. Companies have begun to relocate their production or build new plants abroad. Industry now accounts for only 23.5% of German GDP, compared w/>30%… pic.twitter.com/GuZRJipOh2
— Holger Zschaepitz (@Schuldensuehner) June 10, 2023
Thanks to San Gabriel Tutor for this video and comments. Clearly there's infinite evidence that Germany, or any other country, can recover economically ONCE government regulation in the market is removed. No, actually in spite of regulation. But if you want to see a surge, government needs to get out of the way.
Read more about Ludwig Erhard here.
Tom Woods and Robert Higgs explain how 1946, the first year after the war, was the most productive year in all of U.S. history.
Second, if we’re going to believe these crazy GDP numbers from the early 1940s, that tell us oh, wow, what a great bout of prosperity we had, we also have to believe these same figures when they also tell us that 1946 was a terrible depression year. Yet we know that 1946 was probably the most prosperous year in all of American history from the point of view of production. Private production increased by 30% in one year. We’ve never seen anything before or since that would even touch that. But according to these same figures, this was a time of depression.
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