As any fule kno, Insty has put together many excellent posts during his long and storied reign as the King Of The Internet. This one is not only one of his best, but almost certainly the most timely.
The title is excellent:
The first link is good, but it’s the second link that sets the post apart from the pack, because it points to history as a way to move forward. Please read this Reason article (it’s long, but oh-so worth it), and I hope that our various gummint “leaders” read it too. (I’m not too sanguine about that, though.)
Basically, the “German Non-Miracle” is of particular interest to me because in my major of Modern European History we spent almost an entire semester studying just the period 1945-1990 in West Germany. What made the course extraordinary was that my lecturer at UNT, the peerless Dr. Alfred Mierzejewski, was not only an economic historian, but the author of the biography of the man behind West Germany’s recovery, Economics Minister Ludwig Erhard. (His other two works on the German railway system from 1920 until 1945 are, despite their dry titles, probably the most thought-provoking history books I’ve ever read. They are to the history of that period as a study of the economic implications of the Internet would be to our era.)
Needless to say, I devoured the course and read the biography (it wasn’t a set work, although it should have been), and my only wish was that it had been longer.
And for those who are Too Damn Busy to read anything longer than a few lines, here’s the executive summary of the lesson for our modern-day governments as we try to pull ourselves out of the morass of the Chinkvirus-ravaged economy: