Allan Meltzer Quotations

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.

Nobody in Washington can survive if he's not political.

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

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

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

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.

The way to get higher growth is to have lower inflation. The success of the Fed and the Bank of England has done much to convince people that that's the way to go.

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.

The borrowing paid for the imports that the United States bought from countries that were suffering from deep recessions and pulled them out of those recessions.

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.

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.

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

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.

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

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

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.

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