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: "This, then, is freedom in the external life of manthat he is independent of the arbitrary power of his fellows. Such freedom is no natural right. It did not exist under primitive conditions. It arose in the process of social development and its final completion is the work of mature Capitalism." - Socialism