"The German economy compared very favourably with the situation in other countries: the average income of workers here had risen in the past two years by 16 per cent. while the cost of living had gone up by only four per cent. He was anxious to avoid making too little of the rise in prices, but pointed out that whereas the cost of living in the Federal Republic was now 13 per cent. above the 1950 figure, in Britain and France the rise over the same period was a third or more."
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Economists from GermanyAnti-communistsNon-fiction authors from GermanyChancellors of GermanyChristian Democratic Union of Germany politicians
Original Language: English
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Speech in the Bundestag (22 June 1956), quoted in The Times (23 June 1956), p. 5
https://en.wikiquote.org/wiki/Ludwig_Erhard
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