Federal Reserve Historian Allan H. Meltzer, Ph.D. Defends "The System" On Full Disclosure Network(R) Internet - TV Series
WASHINGTON, June 4, 2014 /PRNewswire-USNewswire/ -- Full Disclosure Network(R) continues its historic Internet TV series examining the Federal Reserve System and its proper role in an interview with Allan Meltzer, Ph.D., Professor, Carnegie Mellon Tepper Graduate School of Business, Senior Fellow at Hoover Institute, and author of a three-volume history of the Federal Reserve. Watch the 2-minute preview video here in Segment 1 of 6. Dr. Meltzer explains that attempting to abolish the Federal Reserve is ill-informed, and that there is a need for something that does what the Fed does. He further states that as a result of each crisis that the country has gone through, the Federal Reserve has gained more and more power, becoming a politicized establishment, and that there is a need for better safeguards to keep it from becoming even more political. Dr. Meltzer looks back at the beginning of his career in Washington, D.C., and reflects on working with noted economist Milton Friedman. http://www.fulldisclosure.net/2014/06/federal-reserve-meltzer-655/
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