Ludwig Wilhelm Erhard (1897–1977) was chancellor of West Germany from 1963 until 1966. He is notable for his leading role in the "German Miracle," West Germany's postwar economic recovery: Erhard's decision, as economics director for the British and American occupation zones, to lift many price controls in 1948, despite opposition from both the social democratic opposition and Allied authorities, and his consistent advocacy of free markets, helped set West Germany on its phenomenal growth path — an economic recovery to rapid growth and widespread prosperity in the 1950s.
Ludwig von Mises: "The riches of the rich are not the cause of the poverty of anybody; the process that makes some people rich is, on the contrary, the corollary of the process that improves many peoples want satisfaction. The entrepreneurs, the capitalists and the technologists prosper as far as they succeed in best supplying the consumers." - The Anti-Capitalistic Mentality