Tag #Ludwig Erhard

What were the immediate consequences of Ludwig Erhard's 1959 warning against excessive consumption?

In 1959, German Economics Minister Ludwig Erhard criticized Germany's growing consumption, warning that it threatened economic stability. He emphasized the importance of fiscal responsibility, arguing that spending should be limited to available funds, except for long-term investments. His remarks were met with mixed reactions in the Bundestag, with the opposition accusing him of unfairly blaming consumers.