Allan H. Meltzer, Date of Birth, Place of Birth, Date of Death

Allan H. Meltzer

American economist

Date of Birth: 06-Feb-1928

Place of Birth: Boston, Massachusetts, United States

Date of Death: 08-May-2017

Profession: professor, economist, historian, author

Nationality: United States

Zodiac Sign: Aquarius

Allan H.
Meltzer (; February 6, 1928 – May 8, 2017) 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.Meltzer originated the aphorism "Capitalism without failure is like religion without sin.
It doesn't work." That is, guarding companies from failure "removes the dynamic process that makes stockholders responsible for losses and disciplines managers who make mistakes."