Paul A. Volcker

By the time I became chairman and there was more of a feeling of urgency, there was a willingness to accept more forceful measures to try to deal with the inflation. ↗

— Paul A. Volcker

#became #by the time #chairman #deal #feeling

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. ↗

— Paul A. Volcker

#basis #became #chairman #double-digit #fed

I am suspicious of the idea of a new paradigm, to use that word, an entirely new structure of the economy. ↗

— Paul A. Volcker

#economy #entirely #i #i am #idea

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

— Paul A. Volcker

#ever #had #inflation #most #states

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. ↗

— Paul A. Volcker

#business #cycles #emphasis #grasp #heavy

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

#communication #degree #difference #ease #information

Well, by the standards of a lot of countries, by Latin American standards, it wasn't so bad. ↗

— Paul A. Volcker

#bad #countries #latin #latin american #lot

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. ↗

— Paul A. Volcker

#around #could #dancing #fellows #get

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. ↗

— Paul A. Volcker

#any #anymore #because #begin #benefit