Kemp Advocates Misesian Economic Miracle

Jack Kemp writes in his column, "A Wirtschaftswunder for California," that "Schwarzenegger has a historic opportunity to create a Wirtschaftswunder - an economic miracle - for California just the way West German Chancellor Ludwig Erhard did in West Germany after World War II when, as finance minister, he decontrolled prices, eliminated rationing, lowered tax rates and deregulated commercial activity."

Kemp suggests that the Governor-elect "read fellow Austrian economists Ludwig von Mises and Frederick Hayek, on whose ideas the Wirtschaftswunder was based, and study Erhard's recipe for growth in the how-to book he authored, Prosperity for All."

A Wirtschaftswunder for California