4 Quotes by Allan H. Meltzer

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

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

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

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, which we in USA were unable to do.