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: "Only stilted pedants can conceive the idea that there are absolute norms to tell what is beautiful and what is not. They try to derive from the works of the past a code of rules with which, as they fancy, the writers and artists of the future should comply. But the genius does not cooperate with the pundit." - Theory and History