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Erhard on Compromise

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Erhard on Compromise

We hear a lot today about “compromise” in the political world. We also hear about it in the employment world. Ludwig Erhard was Chancellor of West Germany in the mid-1960′s. He’s given much credit for postwar economic reform in Germany. He had to seek compromise to accomplish what he did. Though I’m not sure that American politicians have a clue about what compromise means, Erhard knew what it meant and had a way of explaining it so anyone could understand:

“A compromise is the art of dividing a cake in such a way that everyone believes he has the biggest piece.”

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