Further, both were equally determined to install their own system in the new Germany.
The Western Allies were intent on creating a unified political entity in West Germany, which had a solid free market economy (Binder, 1981, p. 73). Although the economies of the three western powers were differentiated by different levels of welfare-state socialism within their economic systems, all could justifiably claim to have economies based upon market capitalism (Binder, p. 73).
Milton Friedman, the American Nobel Prize winning economist, more or less, equates God, individual liberty, and free market capitalism (Mackenzie, 1986, p. 91). He believes that the Great Depression (of the 1930s), "far from being a sign of the inherent instability of the private economic system," was, rather, "a testament" to the strength of the system, because it was able to survive great harm caused "by mistakes on the part of a few men" wielding "vast power over the monetary system" (Friedman, 1982, p.
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