Word: einaudi
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Dates: during 1940-1949
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Lesson for Free Traders. The devaluation was the most spectacular move in a drastic governmental program to end Italy's wild inflation. The author and guiding head of the plan is famed Economist Luigi Einaudi, 73, a frail, dry man who sometimes sounds as dull as the retired professor that he is. But as Vice Premier, Minister of the Budget and Governor of the Bank of Italy, he has put an unprofessorial wallop into his actions. Although he is one of Italy's outstanding apostles of unfettered free enterprise, Einaudi has not hesitated to fight inflation with hard...