Henry Calvert Simons
(1899-1946)
American economist
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Henry Calvert Simons (October 9, 1899 – June 19, 1946) was an American economist at the University of Chicago. A protégé of Frank Knight, his antitrust and monetarist models influenced the Chicago school of economics. He was a founding author of the Chicago plan for monetary reform that found broad support in the years following the 1930s Depression, which would have abolished the fractional-reserve banking system, which Simons viewed to be inherently unstable. This would have prevented unsecured bank credit from circulating as a "money substitute" in the financial system, and it would be replaced with money created by the government or central bank that would not be subject to bank runs.
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| Born |
9 October 1899 Virden, Illinois
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| Died |
19 June 1946 (aged 46)
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| Zodiac | Libra |
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