A compromise is the art of dividing a cake in such a way that everyone believes he has the biggest piece.

Ludwig Erhard

About Ludwig Erhard

Portrait of Ludwig Erhard

Ludwig Wilhelm Erhard (German: [ˈluːtvɪç ˈʔeːɐ̯haʁt]; 4 February 1897 – 5 May 1977) was a German politician and economist affiliated with the Christian Democratic Union (CDU), and chancellor of West Germany from 1963 until 1966. He is known for leading the West German postwar economic reforms and economic recovery (Wirtschaftswunder,...