5-09-2022

War & patience are both strong warriors.

(Leo Tolstoy)

History of human is full of such people who change the direction of nations with their wisdom and God gifted knowledge. Firstly prophets then the empire builders, rulers and common individuals made unmatchable history which we knows till now and the examples of the legands are in our syllabus to taught in generations.

It was unfortunate thing for Germany in first world war when England & USA take over Germany after the war. Keep in mind that Germany was most advanced country in industrial engineering & agricultural farming at that time. War demolished more then 15% house and industry went in ban by invaders. At one stage the Richemark ( official currency of that time) lost the value and went on zero. People have millions in bags but no one ready to accept. People went to old barter trade system where goods exchanges with other goods. The businessess shut down and inflation went at dangerous scale. Then a history changer comes in the life of Germany,

Ludwing Erhard!

Photo Source.

He was finance minister of Germany in 1948 and later became Chancellor of the country. He is founder of new currency Deutsche Mark of Germany. He remove the old one and bring new currency with free market trade system. All the intertrade gone tax free and without monitoring of any Government institution. He was basically free market economist and big lawyer for free trading environment.

When people saw the tax free policies, the investors came back and starts the productions. When productions rise , the compititions starts and comparative prices stabilised quickly. The industry revolution generate jobs and country starts rising. Within Next 20 years the Germany becomes a strong economy which surprised all the world. The economists think this revival as a miracle and all the credit goes to Erhard.

Due to its policies Germany is 4th economic power of the world. What Erhard gives to other world? Germans can't forget him ever but whole world also gives credit to him about his vision. He leave ,

• Tax Free trade concept.

• Direct tax system only for wealthy people.

• Tax free economy.

• Income tax free salary.

• WTO agenda , mission statement & policies. ( Very less people may know that world trade organisation under UNO passed its first ever constitutional paper which was prepared by Erhard).

• Middle class relief & idealogy of savings.

• Corporate culture & rebates.

Conclusion.

Honest, visionary leadership can turn life better of nations. The direct tax system, tax free economy, bearable income tax are keys to uplift the people and economy.

If Government gives relief in tax where Money of common people will go ? Definitely he will save and invest again in different schemes which will uplift the sectors of government institutions.

There are lot of things which can learn from his life .Thank you so much for reading my article. Like , upvote and comment to know about your feedback.

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