More - Allan Meltzer Quotes

There's more consensus . . . within the economics profession about how the world works than there was in the 1950s, '60s and '70s.

Allan Meltzer

 Economy

We get cheap goods in exchange for pieces of paper, which we can print at a great rate.

Allan Meltzer

 

He's very knowledgeable about fiscal areas and has worldwide contacts.

Allan Meltzer

 

He thinks academic economists are much more concerned with rules and models, while he's more concerned with making judgments. He has gone to some effort to establish that he is not following a rule.

Allan Meltzer

 Rules

Don't believe ... the widely reported loss of millions of manufacturing jobs since the Bush administration took office, ... All these alleged facts are either wrong or greatly exaggerated, based on the same faulty source.

Allan Meltzer

 

I don't think that you can set policy according to possible contingencies that may occur, but about which you have no information.

Allan Meltzer

 

He's staying with the position he had before. There are local bubbles but no national bubble.

Allan Meltzer

 

The name that's on the economy is Greenspan. If you want to step back and say Gore's responsible, it's hard to make that connection.

Allan Meltzer

 Economy

He had to agree to it and accept it and believe in it.

Allan Meltzer

 

They'll want to see him tested, ... Greenspan had, in a sense, the good fortune that there was a crisis (Black Monday, Oct. 19, when the Dow lost more than 20%) within the two months of the time he acceded to the chairmanship, and he handled the crisis very well. That established him in the market as a credible chairman.

Allan Meltzer

 Crisis