Allan H. Meltzer Quotes
There is a flaw in the operation of representative government. The flaw produces the growth of government.
Meltzer, Allan H., and Scott F. Richard. "Why Government Grows (and Grows) in a Democracy." The Public Interest, no. 68, 1982, pp. 116-129.
Allan H. Meltzer was an American economist and Allan H. Meltzer Professor of Political Economy at Carnegie Mellon University's Tepper School of Business and Institute for Politics and Strategy in Pittsburgh, Pennsylvania. Meltzer specialized on studying monetary policy and the US Federal Reserve System, and authored several academic papers and books on the development and applications of monetary policy, and about the history of central banking in the US. Together with Karl Brunner, he created the Shadow Open Market Committee: a monetarist council that deeply criticized the Federal Open Market Committee.