Word: erhard
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Dates: during 1940-1949
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...ablest men in Adenauer's own party is Ludwig Erhard, Minister of Economics, who in the past two years has helped guide West Germany back to a relatively free economy. Generally considered a man to watch is 48-year-old Karl Arnold, president of Bonn's Bundesrat (Upper House), a hard-hitting Catholic trade-union leader who frequently acts as spokesman for the workers in his native Ruhr. No friend of Adenauer's, whom he considers too conservative, Arnold may some day be his rival for party leadership...
Even the major parties grew shrill in their attacks on each other. Last week, in Frankfurt's Römerberg Square, Socialists and Christian Democrats matched principles and lung power. As pink, plump Dr. Ludwig Erhard, the Christian Democrats' free-enterprising economic boss of Bizonia, started to speak, Socialist hecklers broke into a chorus: "Liar-liar-liar, we are jobless!" Cried Erhard: "I remain confident of the energy and determination of the German people . . . What we need is optimism, not control." This time, cheers drowned out the hecklers...
Last month, Western officials cautiously started to let some money pour into West Germany's economic pool. The Bank Deutscher Länder relaxed credit restrictions by lowering the rediscount rate for its member banks. West Germany's economic boss, Dr. Ludwig Erhard, announced an 8½-billion-mark investment program for the coming fiscal year...
...alarmist reports to the contrary, West Germany is merely going through an essentially healthy process of deflation, not a slump. Would prosperity continue? Says Erhard: "I'm dead sure...
...Varsity 150's boatings: Stroke, Smith; 7, Dowd; 6, Evarts; 5, Clark; 4, Roosevelt; 3, G. Hall; 2, A. Hall; Bow, Erhard; Cox, Kregar...