Allan Meltzer on the bailout
Allan H. Meltzer, Carnegie Mellon University professor of political economy and the author of several books on monetary policy and economic history, including his multi-volume A History of the Federal Reserve, was interviewed yesterday on the News Hour with Jim Lehrer. In the interview Meltzer discusses the Fed’s recent decision to bailout the failing insurance giant AIG, and “what the tumultuous week on Wall Street means for the country’s financial health.” Download the archived video at the News Hour website.
The next volume of Meltzer’s award-winning history of the Federal Reserve will be published next fall. Volume 1 appeared in 2003.