How Germany Destroyed Its Economy, and How to Fix It

Germany 's stagnation is self-inflicted, says Daniel Lacalle .

Lacalle : Germany embraced inflationism and agreed to the same monetary and interventionist policies that have always destroyed Europe .

High energy costs are not inevitable, he says, but they come from the misguided energy policy.

Politicians demolished the sales potential of the entire industrial complex with a misguided environmental and regulatory policy.

What Germany needs is to abandon inflationism, interventionism, and comic-book activism. If Germany adopts these changes, its economy will experience significant growth. Germany does not have a competitiveness or human capital problem; it has a political problem. Abandon socialist interventionism, and Germany will be back to its trend of growth and leadership. Daniel Lacalle , PhD , economist and fund manager, is the author of the bestselling books Freedom or Equality ( 2020 ), Escape from the Central Bank Trap ( 2017 ), The Energy World Is Flat ( 2015 ), and Life in the Financial Markets ( 2014 ). Original article link.