Public panic set in and there were runs on foodstuff on this Black Saturday (1983).[17] Amidst the monetary crisis, John Greenwood, an economist who was later dubbed the "architect of the Linked Exchange Rate System" in Hong Kong, [18] advocated the proposal to peg the Hong Kong dollar to the US dollar with a return to the former currency board system. The proposal received support from two government officials within the Monetary Affairs Branch of the Hong Kong Government, namely, the Deputy Secretary for Monetary Affairs Tony Latter and the Government Economist Alan McLean as a practical way to restore confidence in the Hong Kong dollar.