"Germany has overtaken America to become the world's biggest single exporter"
And they've been in recession for 10 years with unemployment above 12%. This is the mercantilist fallacy at work "Exports good, Imports bad".
"And they've been in recession for 10 years with unemployment above 12%. This is the mercantilist fallacy at work "Exports good, Imports bad".
This is the Socialist Fallacy.
With a free market and a reasonable tax load Germany would have an incredible economy. They have shot themselves in both legs.