West Germany: The Sparkle Costs More

Though they have traditionally been noted for their frugality and discipline, West Germans today are grandly living, as they like to put it, wie Gott in Frankreich — like God in France. Wages are rising almost twice as fast as productivity, imports are climbing twice as fast as exports, and the government has been spending much more than it has collected in taxes. The cost of such xtravagance is West Germany's gaudi est inflation in 15 years. With consumer prices up almost 4% from a year ago, the German Hausfrau has to pay $1.08 for a dozen eggs, $2...

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