Word: meltzer
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Even if they cannot get Rich and Green, U.S. attorneys plan to prosecute Rich's Swiss and U.S. companies and one of Rich's associates in the Listo scheme, Clyde Meltzer, 38, of New York City. Meltzer is expected to appear in court for arraignment this week...
...most despairing group of economists today may be the Keynesians, who enjoyed prominence as the leading school of thought during the 1960s and '70s. They met their Waterloo in the late '70s, when their pump-priming policies pushed up inflation. Says Allan Meltzer, a Carnegie-Mellon University professor and an influential monetarist: "If the Keynesian program had worked, Jimmy Carter would still be President." Although many Keynesians now want to trim the deficit, the recession has emboldened others to call for continued high deficit spending. Says Lester Thurow, a leading Keynesian who teaches at the Massachusetts Institute...
...They say the movie stars used to live here in the '20s," says Douglas Meltzer, 59, a former aircraft worker and a long time Hollywood resident who is out for a morning stroll. Meltzer's father came to Los Angeles to play violin in the orchestra of the Million Dollar Theater, another of Showman Sid Grauman's grandiose palaces. Meltzer, an earnest man with bushy eyebrows, wispy white hair and a chuckle for punctuation, remembers the Hollywood he knew then...
...Yeah, it's changed a lot," muses Meltzer. "As recently as ten years ago, there was a cafeteria on Vine Street, next to a theater where there were a lot of these television shows. You'd see people like Danny Thomas and Milton Berle. But those are the people who wouldn't be caught dead around here any more...
Such monetarists as the University of Rochester's Karl Brunner and Carnegie-Mellon's Allan Meltzer, who believe that excessive money growth is the main cause of inflation, argue that the Reserve Board is still paying too much attention to interest rates and has reneged on its promise to level off the expansion of money. And many economists in Europe, where confidence in the dollar is crucial, join in the critique. Grumbles Kurt Richebacher, the chief economist of West Germany's Dresdner Bank: "The volatility of the U.S. money supply is not just awful...