The government's stimulus package to restore stable economic growth with low inflation was not well designed and in order to improve the current situation, the United States must stimulate business investment and reduce uncertainty.

Government involvement has worsened the economic crisis, and the role of the Federal Reserve in regulating the financial sector should be reconsidered.

In regards to the Federal Reserve as super regulator, change is needed and long delayed, but appropriate change must protect the public, not bankers.

Central bankingneeds to announce and follow a policy rule in order to controlinflation over the long run.

Despite almost continuous criticism and frequent predictions of the end of capitalism, the capitalist system has spread throughout the world. Once confined to western Europe, North America, and Australasia, capitalism has become the dominant form of organization in the entire world, including Asia, Latin America, and most of the former...

Testimony by Allan H. Meltzer before the House Financial Services Committee (March 5) and the Joint Economic Committee (March 6).

This book discusses financial services, monetary policy, and tax and fiscal policy.