Word: erhards
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...Massager. Schiller also fought through legislation providing for Keynesian control of the economy from the top, a council of economic "wise men," and four-year fiscal planning where none had existed before. Other Schiller ideas and slogans came in salvos. He junked the verbal Seelen-massagen (soul massages) that Erhard used to aim at German employers and unions. He substituted regular private sessions with business and labor at which he preaches "social symmetry," his way of describing wage and price restraint and equilibrium...
...birthday festivities in Bonn's Beethoven Hall, former Chancellor Ludwig Erhard recalled his crucial 1948 decision to close West Germany's banks and deal no more in grotesquely inflated reichsmarks (1,000 for a carton of U.S. cigarettes). As economic boss of occupied West Germany, Erhard courageously exchanged only 6½ Deutsche marks for every 100 of the old marks, thus wiping out the cash savings of most of his countrymen for the second time in a generation.* A laissez-faire economist, Erhard followed currency reform by abolishing price controls and rationing. "The only chance I had," said...
Relying on Discipline. At first it was touch and go, but Erhard's classic reforms prodded Germans to the hard work that turned revival into boom. Since 1951, West Germany's reliance on monetary and fiscal discipline has repeatedly proved its potency at steadying the economy. Ironically, Erhard fell as chancellor in 1966 partly because he failed to follow his own doctrine. A euphoric orgy of government overspending helped push the country into an economic slump complicated by a surge of inflation. After the Kiesinger government reimposed a program of austerity by raising taxes and cutting federal spending...
...after the Watts riot. He informed police that he had subsequently given it to his daughter, Mrs. Robert Westlake, then a resident of Pasadena. Mrs. Westlake became uneasy about having a gun in the same house with her small children. She gave it to a Pasadena neighbor, George Erhard, 18. Last December, Erhard sold it to someone named Joe?"a bushy-haired guy who worked in a department store...
...astonished everyone by winning the men's 500-meter speed-skating race at Innsbruck in 1964. This time, on a rink that the sun had turned into slush, Terry surprised the experts again by finishing second in the 500-meter-barely .2 sec. behind West Germany's Erhard Keller...