Paul Volcker Quotes

• 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

  Topics in Life

  Tags in Subject, Fellows, Get, Getting, Good, Out, Rich, Real, Around, Those, Could, Dancing

• 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 Volcker

  Topics in Uncategorized

  Tags in Speed, Communication

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

  Paul Volcker

  Topics in Uncategorized

  Tags in Biggest

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

  Paul Volcker

  Tags in Standards, Latin

• 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 Volcker

  Tags in Inflation, Urgency

• 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 Volcker

  Tags in Inflation, Double Digit

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

  Paul Volcker

  Tags in Suspicious, Paradigm

• 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 Volcker

  Tags in Inventories, Cycles, Tend

• 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 Volcker

  Tags in Benefit, Anticipating

• You could not buy a house in those days without just assuming that the house was not only a place to live, but it was a good investment, because it was going to keep up with inflation or get ahead of inflation, and it was just – that was America.

  Paul Volcker

  Tags in Get Ahead, Assuming, Inflation

Paul Volcker (10)

Birth:	5th September, 1927
Nationality:	American
Profession:	Chairman, Economist

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Today's Anniversary - 21st January

Births

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• 1944 - Jong Yong Yun
• 1938 - Wolfman Jack
• 1884 - Texas Guinan
• 1950 - Robert Luskin

Deaths

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• 1924 - Vladimir Lenin
• 1870 - Alexander Herzen
• 2008 - Evan G. Galbraith
• 1932 - Lytton Strachey