The Austrian School Returns to Europe

2 posts


I found this part interesting.

Given this relatively tight control on inflation, how were they able to export so much?
Niccolo and Donkey
Logic would dictate that they had products that were attractive to global markets.

This is of course true. The Deutsch Mark was considered the best currency during that era throughout Europe, more favourable than the greenback or even the more highly valued British Pound.

The Americans pressured the Germans to turn on the spigots these past two years and the Germans held firm and said "nein" resulting in American officials criticizing them for "short-sightedness".