An Exclusive Interview with Lewis E. Lehrman, Part 12

It is an extraordinary privilege to present this exclusive interview with Lewis E. Lehrman, in 21 installments, of which this is the twelfth. 

Lewis E. Lehrman has written widely about economic and monetary policy.  He has co-authored the book Money and the Coming World Order (1976) with renowned MIT Economist Charles Kindleberger and others.  Lehrman has written about economics in publications such as Harper's, The Washington Post, The New York Times, The Wall Street Journal, Weekly Standard, Crisis, Policy Review and National Review.  His writings about monetary economics earned him an appointment by President Ronald Reagan to the Presidential Gold Commission in 1981.  Along with Congressman Ron Paul, Lewis Lehrman collaborated on a minority report of the commission, which was published as The Case for Gold (1982).

Lehrman published seven volumes on “Rueff Monetary Economics” (The Collected Works of Jacques Rueff, 1997, Plon, in French).  Jacques Rueff, the distinguished French monetary economist, established the monetary and economic plan of the Fifth French Republic, as President DeGaulle's chief financial advisor. The primary purpose of the plan was to restore economic prosperity, a stable French currency, and the end of French inflation by means of convertibility to gold of the French franc.  Lehrman has been named to the advisory board of the American Principles Project’s Gold Standard 2012 initiative.

 Lewis E. Lehrman [Photo by Ralph Benko]

Q.  According to Evans and Novak you were on the very short list of candidates to serve as Reagan's Secretary of the Treasury.  Had you been appointed, what would have been your priorities in the office?

Had I been appointed Secretary of the Treasury by Reagan, I would have tried to do exactly what I proposed in a 1980 opinion piece in the Wall Street Journal.  I recommended a comprehensive, integrated program of National security reform, tax reform, monetary reform, budgetary reform and regulatory reform, all organized and presented to Congress as a program to be implemented together during President Reagan’s first term, and carried further if he were elected to a second term, whereby the program might become permanent.

 

Kathleen M. Packard, Publisher
Ralph J. Benko, Editor

In Memoriam
Professor Jacques Rueff
(1896-1978)

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