EGYPT: The Roving Economist

A 75-year-old man with a prim, severe face flew into Cairo last week, looking like an old-fashioned country doctor making his calls. Carrying his little black briefcase and typewriter, and accompanied by his young-looking (44), smiling wife, Hjalmar Horace Greeley Schacht has been making the rounds of world trouble spots, prescribing oldfashioned, bitter medicine for economic ills.

Wherever he went, the reputation of "wizard" preceded Schacht. He had saved the Weimar Republic from the disastrous consequences of inflation, had helped Hitler build a superb war plant in debt-ridden Nazi Germany (he was...

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