Paul A. Volcker
Paul A. Volcker quotes
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.
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.
I am suspicious of the idea of a new paradigm, to use that word, an entirely new structure of the economy.
Inflation is thought of as a cruel, and maybe the cruelest, tax becau... (more Paul A. Volcker quotes)
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