Henry Wallich

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Henry Christopher Wallich (1914–1988) was an American economist and central banker. He was a professor of economics at Yale University and a member of the Council of Economic Advisors during the Dwight D. Eisenhower administration. He was an economic columnist for Newsweek magazine, from 1965.^[1] For a period he wrote one week in three, with Milton Friedman and Paul Samuelson.^[2]

He was appointed by President Nixon as a Governor of the Federal Reserve System, in 1974^[3] and served until 1986, resigning due to poor health.^[4]

Wallich was known for his strong opposition to inflation. He once wrote, Like burglary, inflation is an extralegal form of redistribution, Unfortunately, many economists share with politicians the habit of always regarding inflation as the lesser of any alternative evils. ^[5]

Education is what remains when all the details [of the learning process] are forgotten. Henry Wallich—In address to the Graduation Class of Fordham Graduate School of Business, NY, NY June 28, 1978.

Mr. Wallich was born in Berlin on June 10, 1914, to Paul and Hildegard Rehrmann Wallich. His father and paternal grandfather were both bankers. The younger Mr. Wallich had a brother, Walter, and a sister, Cristel.

Works

The Mainsprings of the German Revival (1955)
The Cost of Freedom, Conservatives and Modern Capitalism, The Case For A Free Economy (1960)

References

International Monetary Cooperation: Essays in Honor of Henry C. Wallich (1987)

Notes

External links

Statements and Speeches of Henry Christopher Wallich

Authority control	VIAF: 109160716 ISNI: 0000 0001 1081 7055 GND: 107665018

Persondata
Name	Wallich, Henry
Alternative names
Short description	American economist
Date of birth	1914
Place of birth
Date of death	1988
Place of death

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