The idea that when people see prices falling they will stop buying those cheaper goods or cheaper food does not make much sense. And aiming for 2 per…

- Paul Volcker

It's a whole different attitude toward public service than it once was. I tell you, we can all sit around in our old age and moan about it, but I th…

- Paul Volcker

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…

- Paul Volcker

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 Volcker

A nation's exchange rate is the single most important price in its economy; it will influence the entire range of individual prices, imports and expo…

- Paul Volcker

I wish someone would give me one shred of neutral evidence that financial innovation has led to economic growth — one shred of evidence.

- Paul Volcker

The standard of living of the average American has to decline.

- Paul Volcker

The only thing useful banks have invented in 20 years is the ATM.

- Paul Volcker

When I hear complaints about less liquidity, remember there is such a thing as too much liquidity.

- Paul Volcker