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Allan Meltzer's action plan for the economy includes reversing the excessive monetary easing starting now in October 2009 so that it can be done gradually and not hurt the economy through sudden contraction later on.

10/01/2009

Allan Melzer was co-founder an co-chairman of the Shadow Open Market Committee for over two decades, advisor to Presidents Kennedy and Reagan, and one of the foremost experts on the Federal Reserve System. He calls for the U.S. Federal Reserve to adopt an early exit strategy from loose monetary policies.

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Bernanke’s Bid for a Second Term at the Fed Hits Resistance

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Fed Needs the Element of Surprise

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Fed’s Bullard Raises Policy Concerns

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How QE 2 Could Drift Off Course

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Global economic policy: Monetary illusions

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Fed's Reflation Bet Could Hit Consumers Before It Helps

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Fed Gears Up for Stimulus

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Opinions Are Split on Fed Policy Move

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Plosser's Monetary Rules

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Ben Bernanke's '70s Show

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John Taylor: The Republicans' Shadow Fed Chairman

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Fed Officials See Gradual Exit Strategy, Minutes Show

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Finding a Prescription for the U.S.'s Money Trap

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This Time, Maybe the U.S. Is Japan

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Kansas City Fed President Defies Conventional Wisdom

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From World War II, Economic Lessons for Today

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Economy Deeply Divides Fed

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Divisions at Federal Reserve Led to Rate Compromise

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Persistently Low Rates Carry Risk of Negative Side Effect

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Uncle Sam's Teaser Rate

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The Dangers of an Interventionist Fed

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The Reagan Memo

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Advice for a New President

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The Magnitude of the Mess We're In

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