Article 3ST5B Miracle Men: How Market Liberals Saved Germany from Economic Catastrophe

Miracle Men: How Market Liberals Saved Germany from Economic Catastrophe

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Seventy years ago this month, a small group of economists and legal scholars helped bring about what's now widely known as the Wirtschaftswunder, the "German economic miracle."

The irony is that none of the German market liberals regarded the Wirtschaftswunder as extraordinary: it was simply the logical consequence of getting the basic foundations of a market economy in place and allowing the German people to do the rest.

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