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.
More Quotes from 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
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
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
The fact that you have only these minor criticisms is quite an achievement.
Allan Meltzer
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.
Allan Meltzer
There's more consensus . . . within the economics profession about how the world works than there was in the 1950s, '60s and '70s.
Allan Meltzer
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