I didn't know that Shultz had been economics professor at University of Chicago and later dean of its business school.
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...Also, as La Rouche points out, " . . . Even more significant is the role of George Shultz. Shultz has been there every step of the way for the Chile project. From the Nixon Administration, he helped orchestrate the Pinochet coup {with his friend Henry Kissinger}. And he justified it on the basis of the University of Chicago economic policies, of which he is a leading light."
Schultz soft-peddles his actions in his autobiography: "General Augusto Pinochet came to power, bringing dictatorship and repression to the political scene. But he did restore prosperity to the economy. Chileans trained in free-market economics at the University of Chicago applied the ideas of classical economics, opening the Chilean economy to international competition, eliminating subsidies, relying on market signals to direct investment, seeking fiscal balance and a stable monetary policy. These policies worked." Worked how, and at what cost?
LaRouche also points out that "from his role as an advisor to the incoming Reagan Administration in 1981, Shultz visited Piñera and asked the former Chilean Labor Minister to provide him with a one-page memo on the pension privatization plan, for Shultz to try to sell the scam to Reagan. Shultz's Chicago Boys in Chile had barely implemented social security privatization there, and Shultz was already trying to ram it down the throat of the U.S.—23 years ago!"
Remember that it was also Shultz who worked from 1971–73 with Nixon to unpeg the dollar from the gold-reserve system towards the floating-exchange that has gone hand in hand with financial insecurity and globalism. Treasury Secretary Schulz hammered the coffin nails into Roosevelt’s protective gold standard in 1973 at an International Monetary Fund meeting, two and a half weeks after Pinochet’s coup gave birth to Shultz’s "Chile model of fascist economics for international export."
Today, Shultz is one of the senior luminaries of the George W. Bush Administration. It is not surprising he’s still pushing to get his policies through, personally and through the Cato Institute, which has provided abundant financing for numerous "Social Security crisis" campaigns. These included the writing of books, informational materials, and having Leanne Abdnor, Cato stringer and VP for External Affairs from 1995 through 1998, "educate" Congressional members and staff on the virtues of personal retirement accounts in Social Security reform.
http://www.onlinejournal.com/artman/publish/printer_28.shtml(R Row, from front to rear) Milton Friedman, George Shultz, Pres. Ronald Reagan, Arthur Burns, William Simon and Walter Wriston & unknown at a meeting of White House economic advisers.