Umm, excuse me, but I\’d rather like a Professor of History to know his history.
In the late 1940s every government on the continent ran postwar reconstruction as it had run its war effort, as a national mobilisation with the state as the prime planner, arbiter and coordinator. Ministries of planning were not confined to the Eastern bloc, and their achievements across the continent were impressive.
This is complete nonsense. Entire argle bargle.
The most impressive growth economy of the period was the West German one. By far the most impressive. And that was based on Ehrhard\’s reforms of 1948.
On that same Sunday the German Bizonal Economic Council adopted, at the urging of Ludwig Erhard and against the opposition of its Social Democratic members, a price decontrol ordinance that allowed and encouraged Erhard to eliminate price controls.
Erhard spent the summer de-Nazifying the West German economy. From June through August 1948, wrote Fred Klopstock, an economist at the Federal Reserve Bank of New York, “directive followed directive removing price, allocation, and rationing regulations” (p. 283). Vegetables, fruit, eggs, and almost all manufactured goods were freed of controls. Ceiling prices on many other goods were raised substantially, and many remaining controls were no longer enforced. Erhard’s motto could have been: “Don’t just sit there; undo something.”
It wasn\’t planning that grew the West German economy: planning was what they did in East Germany. No, in West Germany they deregulated the economy.
Damn near over night too, certainly in a matter of a few months. They abolished, near entirely, the state as the arbiter, prime planner and coordinator of the economy: that\’s why it grew so damn fast.
Yes, indeed, comment is free but recall the second part of the phrase: facts are sacred. You just don\’t get to go round inventing history to fit your arguments.
Then again, he is a septic, so why should we expect him to know anything about Europe anyway?