Walker F. Todd lives in Chagrin Falls, Ohio, and is a research fellow at American Institute for Economic Research, Great Barrington, Massachusetts (AIER). He is the author of numerous articles, both scholarly and for mainstream media, book chapters, and book-length monographs. A native of Murfreesboro, Tennessee, he received his B.A. in French from Vanderbilt University. He holds a M.A. from the University of Wisconsin-Madison and a Ph.D. from Columbia University, both in French. He also holds a J.D. from Boston University and studied at the Sorbonne, Paris, France, in 1968-1969. Mr. Todd's principal employments since completing law school were as attorney and legal officer, Federal Reserve Bank of New York, and then as assistant general counsel and research officer, Federal Reserve Bank of Cleveland, 1974-1994. He also was an adjunct instructor at the Cleveland-Marshall College of Law, Cleveland State University, 1987-2000, and served on four field missions for the World Bank, 1987-1989 (Brazil twice plus Pakistan and Algeria). He has served as an instructor in special studies at Chautauqua Institution in western New York each summer since 1997. He has been affiliated with AIER since 1997 and became a research fellow in 2004.