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Allan Meltzer quotes

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    I Like this quote I dislike this quote“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.”

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

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    I Like this quote I dislike this quote“He's staying with the position he had before. There are local bubbles but no national bubble.”

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    I Like this quote I dislike this quote“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.”

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    I Like this quote I dislike this quote“He had to agree to it and accept it and believe in it.”

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    I Like this quote I dislike this quote“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.”

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    I Like this quote I dislike this quote“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.”

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    I Like this quote I dislike this quote“What he's shown is that you can have full employment and low inflation at the same time. The Keynesian school didn't believe that, but Greenspan showed that it could be done.”

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    I Like this quote I dislike this quote“His big failing is that he hasn't provided the Fed with a replicable method of re-creating Alan Greenspan. He hasn't left behind an institutional framework that will guide his successor.”

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    I Like this quote I dislike this quote“The fact that you have only these minor criticisms is quite an achievement.”

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