Germany, an economic fairy tale Sun, 19th January 2020, 5:00 pm Why it's no wonder we got rich. Ulrike Herrmann Lecture Germany is rich, but the usual explanations are wrong. Ludwig Erhard is said to have been the “father” of the economic miracle – in reality he was an incompetent economist, a profiteer in the Third Reich and a liar. The Bundesbank was allegedly the incorruptible “guardian of the Deutsche Mark” – in fact it sent millions into unemployment and almost ruined German unity. Conversely, real success is not seen: Reunification was supposedly insanely expensive. In fact, it didn’t cost a single cent. It’s time to say goodbye to the legends. Otherwise, we’ll miss our future. Ulrike Herrmann is a bank clerk, studied history and philosophy at the FU Berlin and is taz’s business correspondent.