Quotes by Allan Meltzer

“Dont 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.”

“I dont think that you can set policy according to possible contingencies that may occur, but about which you have no information.”

“Hes staying with the position he had before. There are local bubbles but no national bubble.”

“The name thats on the economy is Greenspan. If you want to step back and say Gores responsible, its hard to make that connection.”

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

“Theyll 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.”

“Theyll 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.”

“What hes shown is that you can have full employment and low inflation at the same time. The Keynesian school didnt believe that, but Greenspan showed that it could be done.”

“His big failing is that he hasnt provided the Fed with a replicable method of re-creating Alan Greenspan. He hasnt left behind an institutional framework that will guide his successor.”

“The fact that you have only these minor criticisms is quite an achievement.”