Allan H. Meltzer Quotes

United States, Economist
February 6, 1928 – May, 8, 2017.

Allan H. Meltzer was an American economist and Allan H. Meltzer Professor of Political Economy at Carnegie Mellon University's Tepper School of Business and Institute for Politics and Strategy in Pittsburgh, Pennsylvania. Meltzer specialized on studying monetary policy and the US Federal Reserve System, and authored several academic papers and books on the development and applications of monetary policy, and about the history of central banking in the US. Together with Karl Brunner, he created the Shadow Open Market Committee: a monetarist council that deeply criticized the Federal Open Market Committee.

Milton Friedman had the grace and good sense to recognize that he wanted to talk to the general public. He wasn't going to just lecture to the people who happened to appear in his classroom in Chicago or on some lecture circuit. He went out to talk to the general public, believing that you had to convince a democratic nation to change its ways, and he succeeded to a considerable extent.

Allan H. Meltzer
- Change
- Convince
- Lecture
Capitalism without failure is like religion without sin. Bankruptcies and losses concentrate the mind on prudent behavior.

Allan H. Meltzer

The reason is that Chile is the brightest spot in Latin America. It has very fast growth, low unemployment. It privatized its Social Security system, which we in USA were unable to do.

Allan H. Meltzer
Governments harangue about deficits to get more revenue so they can spend more.

Allan H. Meltzer
There is a flaw in the operation of representative government. The flaw produces the growth of government.

Allan H. Meltzer
- Government
- Growth
- Flaw