English
During World War II, he worked on concepts for a postwar peace; however, officially such studies were forbidden by the Nazis, who had declared total war. As a result, Erhard lost his job in 1942 but continued to work on the subject by order of the "Reichsgruppe Industrie." In 1944 he wrote War Finances and Debt Consolidation (orig: Kriegsfinanzierung und Schuldenkonsolidierung). In this study he assumed that Germany had already lost the war.
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