Paul A. Volcker Quotes

Paul A. Volcker — American Economist born on September 05, 1927,

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... (wikipedia)

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.

When people begin anticipating inflation, it doesn't do you any good anymore, because any benefit of inflation comes from the fact that you do better than you thought you were going to do.

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.

It was the biggest inflation and the most sustained inflation that the United States had ever had.

The speed of communication, the speed of information transfer, the cheapness of communication, the ease of moving things around the world are a difference in kind as well as degree.

Paul A. Volcker Quotes

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