Explore popular quotes and sayings by an American economist Henry Wallich.
Last updated on November 21, 2024.
Henry Christopher Wallich was a German American economist who served as a member of the Federal Reserve Board of Governors from 1974 to 1986. He previously served as a member of the Council of the Economic Advisers under President Dwight D. Eisenhower. Wallich also held a professorship of economics at Yale University. He was best known as an economic columnist for Newsweek magazine, from 1965 until he joined The Federal Reserve. For a period he wrote one week in three, with Milton Friedman and Paul Samuelson, with their 1967 columns earning the magazine a Gerald Loeb Special Award in 1968.
Profits are part of the mechanism by which society decides what it wants to see produced.
Every principle that wants to command strong allegiance must make a moral case. Men want to feel that what they are doing is useful, but they want also, and mainly, to feel that it is right. Freedom is one of these principles
Power is the great enemy of freedom
Growth is a substitute for equality of income. So long as there is growth there is hope, and that makes large income differentials tolerable.
Freedom is like health, it is taken for granted while one has it. One becomes aware of it when it has gone.