The German Economic “Miracle”: Ludwig Erhard

What this episode covers

Following World War II, Germany's economy was in ruins and was made even worse by ongoing price controls implemented by the state. Ludwig Erhard, an economist from a humble background, immediately abolished all price controls when elected director of economics in occupied Germany. The result is what economists and historians call an economic miracle, but what Erhard himself believed was the natural result of an economy freed from bureaucracy and state intervention. Hosted on Acast. See acast.com/privacy for more information.

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Frequently Asked Questions

How long is this episode of Portraits of Liberty?

This episode is 17 minutes long.

When was this Portraits of Liberty episode published?

This episode was published on September 10, 2024.

What is this episode about?

Following World War II, Germany's economy was in ruins and was made even worse by ongoing price controls implemented by the state. Ludwig Erhard, an economist from a humble background, immediately abolished all price controls when elected director...

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