“National autonomy in economic matters should not be an obstacle to a free world economic system. But to achieve free convertibility within the European Payments Union only would lead to further upheavals. The dollar and the pound sterling should be included in any such step, if a new single world market was to be created. A free political order implied a free economic order; this would stand foremost amongst the preoccupations of the new Bundestag.”

— Ludwig Erhard

Speech to the opening of the fourth German Industrial Fair in Berlin (26 September 1953), quoted in The Times (28 September 1953), p. 5

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Ludwig Erhard5

German politician 1897–1977

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Ludwig Erhard5

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