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.
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
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
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
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…
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
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…
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
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…
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
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.
The standard of living of the average American has to decline. - Paul Volcker
The standard of living of the average American has to decline.
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
I wish someone would give me one shred of neutral evidence that financial innovation has led to economic growth — one shred of evidence.
The only thing useful banks have invented in 20 years is the ATM. - Paul Volcker
The only thing useful banks have invented in 20 years is the ATM.
When I hear complaints about less liquidity, remember there is such a thing as too much liquidity. - Paul Volcker
When I hear complaints about less liquidity, remember there is such a thing as too much liquidity.
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