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Henry Law
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Comments by "Henry Law" (@henrybn14ar) on "Germany's Economic Crisis Explained" video.
It is surprising that it hasn't gone bad long ago. VAT and import tariffs are a deadly combination guaranteed to hammer any economy. The entire notion of export-led growth is based on the misguided and long discredited seventeenth century economic theory known as Mercantilism. An undervalued currency has forced Germans to work a day a week for nothing. They have been shafted for years. 😊
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​ @JustFun-wl3jf Not all countries have these troubles
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Henry George explained the reason. They nearly all do the same silly policies. It's their tax systems.
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