Paul Volcker
Paul Volcker
Paul Adolph Volcker, Jr.is an American economist. He was Chairman of the Federal Reserve under Presidents Jimmy Carter and Ronald Reagan from August 1979 to August 1987. He is widely credited with ending the high levels of inflation seen in the United States during the 1970s and early 1980s. He was the chairman of the Economic Recovery Advisory Board under President Barack Obama from February 2009 until January 2011...
cumulative ended impact main objectives program somebody stood
The cumulative impact of this is pretty impressive, ... Somebody should have stood up and said, 'Enough.' But they didn't, so it ended up being much more controversial than it should have been considering that the main objectives of the program were in a sense achieved.
council member security states
must be broadly shared, starting, we believe, with member states and the Security Council itself.
business real dancing
What's the subject of life - to get rich? All of those fellows out there getting rich could be dancing around the real subject of life..
business thinking may
Less emphasis on inventories, I think, may tend to dampen business cycles, because business cycles are typically in the grasp of inventory cycles and heavy industry cycles.
mistake gold investing
It was probably a mistake to allow gold to rise so high.
the-end-of-the-day needs should
If, at the end of the day, we need to raise taxes, we should raise taxes.
mistake gold dollars
That day the U.S. announced that the dollar would be devalued by 10 percent. By switching the yen to a floating exchange rate, the Japanese currency appreciated, and a sufficient realignment in exchange rates was realized. Joint intervention in gold sales to prevent a steep rise in the price of gold, however, was not undertaken. That was a mistake.
double-standard feds terrible
Double-digit inflation is a terrible thing - and it got up to 14 or 15 percent on a monthly basis for a while, shortly after I became chairman of the Fed.