Meltzer, Fed Historian Who Criticized Bailouts, Dies at 89
- One of 20th century’s greatest economists, colleague says
- Led a congressional panel calling for IMF, World Bank reform
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Allan Meltzer, an economist and Federal Reserve historian who was critical of the central bank’s recent policies, died on Monday at the age of 89, according to Carnegie Mellon University, where he was a professor of political economy.
A monetary policy expert who consulted with congressional committees and central banks, Meltzer brought historical perspective and a sharp knowledge of past policy foibles to his commentary. In addition to writing a multi-volume history of the Fed, he was known for a review of the international financial institutions that proposed reforms in 2000 of the World Bank and International Monetary Fund.