This week, Drew and Tim are joined by Allan Meltzer to discuss his new book Why Capitalism?

Allan Meltzer is a professor of Political Economy and Public Policy at Carnegie Mellon University and is also a Visiting Scholar at the American Enterprise Institute in Washington. He has served as a consultant for several Congressional committees; the President's Council of Economic Advisers, the U.S. Treasury Department, the Board of Governors of the Federal Reserve System, the World Bank, foreign governments and central banks. He has been a member of the President's Economic Policy Advisory Board. In 1988-89, he was an acting member of the President's Council of Economic Advisers. From 1986 to 2002, he was Honorary Adviser to the Institute for Monetary and Economic Studies of the Bank of Japan.

In 1999-2000, he served as Chairman of the International Financial Institution Advisory Commission, known as the Meltzer Commission. The Commission proposed major reforms of the International Monetary Fund and the development banks.