Capitalism without failure is like religion without sin. Bankruptcies and losses concentrate the mind on prudent behavior.

- Allan H. Meltzer

The reason is that Chile is the brightest spot in Latin America. It has very fast growth, low unemployment. It privatized its Social Security system,…

- Allan H. Meltzer

Governments harangue about deficits to get more revenue so they can spend more.

- Allan H. Meltzer

Milton Friedman had the grace and good sense to recognize that he wanted to talk to the general public. He wasn't going to just lecture to the people…

- Allan H. Meltzer

There is a flaw in the operation of representative government. The flaw produces the growth of government.

- Allan H. Meltzer