Allen Meltzer Quotes

Leaving it to them would certainly be a big mistake until they're restructured and much more effective than they currently are. - Allen Meltzer

If you are Alan Greenspan, it's hard to make a rule that would do any better. On the other hand, we have had 12 chairmen at the Federal Reserve since 1913, and some of them have made massive blunders. - Allen Meltzer

Assuming you can get some political stability, the rule of law and the protection of property rights ... the oil and the work force are things that make Iraq different from, say, some sub-Saharan country where the World Bank has been unsuccessful. - Allen Meltzer

After 1996, he recognized there had been a productivity change. [Stock prices] rose because people believed there was productivity improvement -- and there has been. The thing that turned out to be wrong was that productivity has not been profitable. - Allen Meltzer

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