Ludwig Erhard on Inflation: Why Economic Crises Are No Accidents

„Inflation does not come upon us as a curse or as a tragic fate; it is always caused by reckless or even criminal policies.“

Ludwig ErhardLudwig Erhard explains inflation is not fate but the result of irresponsible policies. Learn more about his perspective.
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Ludwig Erhard was a German politician and economist, known as the "father of the economic miracle" in Germany.

A wise reminder that economic problems always arise from irresponsible policies and are not simply fate.


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Ludwig Erhard|democracy, economy, fiat money, inflation, monetary system, politics, science

Quote on inflation by Ludwig Erhard about economic crises caused by reckless policies

Ludwig Erhard (1897–1977) was a German politician (CDU) and economist. As Federal Minister for Economic Affairs from 1949 to 1963, he significantly shaped the social market economy that enabled Germany’s post-war economic miracle. He served as Chancellor of West Germany from 1963 to 1966.

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