Economists criticize his decisions on German reunification and the euro, but he understood better the relationship between politics and economics.
Helmut Kohl’s death earlier this month has revived a contentious debate over his legacy. Although the former chancellor of Germany is widely considered to be a political genius, conventional wisdom holds that his economic policy was a failure. It’s time to reassess that view. Kohl was smarter on economics than many professional economists are willing to admit.
The arguments that … [continue reading]Read more