tag:blogger.com,1999:blog-6399730406480392183.post7017424098265707906..comments2024-03-27T11:18:34.222-03:00Comments on Viable Opposition: Shocking the Economy the Federal Reserve WayA Political Junkiehttp://www.blogger.com/profile/03342345936277964422noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-6399730406480392183.post-17783053719207726682016-08-28T07:45:59.178-03:002016-08-28T07:45:59.178-03:00"We’re in the biggest mess we’ve been in sinc..."We’re in the biggest mess we’ve been in since the 1930s" according to Allen Meltzer who was born in 1928 and is viewed by many economist as America’s foremost expert in monetary policy. Allen Meltzer is recognized for his wisdom and achievements in economics. In recent years his mood has been troubled and he has been quoted as saying “We’ve never had a more problematic future.”<br /><br />Meltzer is a professor of political economy at Carnegie Mellon University and a visiting fellow at Stanford University's Hoover Institution. He is also the author of the three-volume “A History of the Federal Reserve.” For over 25 years he was the chair of the Shadow Open Market Committee, a group that meets regularly to discuss the policy of the Federal Reserve.<br /><br />Just because we have muddled along putting band-aids on our economy does not mean that we have done anything but postpone the day of reckoning, and in many ways we may of made it far worse. Below is an article presenting some of reasoning behind Meltzer's concern over current economic policy.<br /><br />http://brucewilds.blogspot.com/2016/04/it-will-all-end-badly-economist-allen.htmlBruce Wildshttps://www.blogger.com/profile/10181323607060607040noreply@blogger.com