The Deutsch mark remained consistently strong throughout the post-WWII period not because Germany suppressed it, but because Germans saved at high rates (30-35%), naturally constraining domestic demand and generating export surpluses.
factualpending
Speaker
Alister MacleodEvidence Quote
“With a strong Deutsch mark, you had an export surplus? The answer was that Germans saved. Instead of going out and spending everything they earned, they put money aside [34:38]”
Created: 7/13/2026, 8:49:27 PM
My Notes
Loading notes...