Albert Gallatin: Fiscal Austerity and Economic Growth

Swiss-born Albert Gallatin took charge of the US Treasury in 1801 and reduced the national debt by nearly 50 percent. What can today’s economic policymakers learn from this Founding Father?

Event Details


swissnex San Francisco
730 Montgomery St., San Francisco, 94111 United States


October 15, 2010 from 5:30 pm to 8:30 pm America/Los Angeles (UTC-07:00)

The finances of the young United States of America were in a grave state when Swiss-born Albert Gallatin took charge of the Treasury in 1801. In short order, he was able to reduce the national debt by nearly 50 percent, even while launching major projects in infrastructure and financing the Louisiana Purchase. So what can today’s economic policymakers learn from this Founding Father?

You are cordially invited to a discussion on this topic featuring Nicholas Dungan, the author of a new Gallatin biography; Dr. Sean Randolph, President of the Economic Institute of the Bay Area Council; and Swiss Consul General Julius F. Anderegg.

Questions about this event? Contact: or call 415.788.2272 ext 104.


6:30 pm doors open
7:00 pm discussion
8:30 pm reception
9:30 pm doors close

This event is produced by the Consulate General of Switzerland in San Francisco and Presence Switzerland, with assistance from swissnex San Francisco.


Nicholas Dungan

Nicholas Dungan is a transatlantic expert and commentator. He has served as president of the French-American Foundation in New York and Associate Fellow of the Royal Institute of International Affairs at the Chatham House in London, and worked as a banker in Europe and the United States. His book, Gallatin: America’s Swiss Founding Father, from NYU Press and the Swiss Confederation, was published in 2010.


Sean Randolph

Sean Randolph is President of the Bay Area Council Economic Institute, a public-private partnership of business, labor, government, and higher education that works to foster a competitive economy in California and the Bay Area. Randolph has served as President & CEO of the Bay Area Economic Forum and as Director of international trade for the State of California, where he developed trade strategy and directed international business programs to stimulate exports and introduce California companies to overseas markets. Prior to that, he was Managing Director of the RSR Pacific Group and International Director General of the Pacific Basin Economic Council.


Julius F. Anderegg

Born in Chur, Switzerland, Consul General Julius F. Anderegg spent his youth in the ski resort of Klosters. He joined the Swiss Ministry of Foreign Affairs in 1977 and was subsequently assigned to Barcelona, New York (Commercial Attaché), Bagdad, Copenhagen (Deputy Head, Embassy), Berne (Political Directorate-Protocol), Geneva (Deputy Director, EFTA), Vienna (Chairman, OSCE’s Committee for Financial & Economic Affairs), New York (Diplomatic Counsellor, Swiss Mission to the United Nations), Karachi (Consul General), Frankfurt (Consul General), and now San Francisco. He completed his studies in Business Administration with a Diploma in Switzerland and holds a Master’s degree in Political Sciences and International Relations from the Graduate Center of the City University of New York.


Photo: Myleen Hollero

Event Photos