“ECONOMIC FREEDOM”: 1973–1977 Not long after the 1973 US backed Military coup of the democratically elected Allende government in Chile, U.S. Secretary of the Treasury, William Simon visited Chile. During his discussion with General Augusto Pinochet, regarding human rights violations by his government, Simon cheered Pinochet for bringing “economic freedom” to the people of Chile. For the USA, Economic Freedom, political terrorism and unrestrained free markets, were more important than liberty or democracy.