About the Author

Allan H. Meltzer is the Allan H. Meltzer University Professor of Political Economy at Carnegie Mellon University and visiting scholar at the American Enterprise Institute. He is the author of many books, including A History of the Federal Reserve, Volume 1: 1913-1951, also published by the University of Chicago Press.

Reviews

"To understand why the Fed acted as it did - at these critical moments and many others - would require years of study, poring over letters, the minutes of meetings and internal Fed documents. Such a task would naturally deter most scholars of economic history but not, thank goodness, Allan Meltzer." - Wall Street Journal "A seminal work that anyone interested in the inner workings of the U.S. central bank should read." - John M. Berry, Washington Post"