Paul Volcker Famous Quotes & Sayings

11 Paul Volcker Famous Sayings, Quotes and Quotation.

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The standard of living of the average American has to decline. Paul Volcker Sayings: The standard of living of the average American has to decline.
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 think the administrative processes and the management effectiveness of the federal government are terrible! Paul Volcker Sayings: It's a whole different attitude toward public service than it once was. I tell you,
When I hear complaints about less liquidity, remember there is such a thing as too much liquidity. Paul Volcker Sayings: When I hear complaints about less liquidity, remember there is such a thing as too
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 exports, and even the level of economic activity. So it is hard for any government to ignore large swings in its exchange rate ... Paul Volcker Sayings: A nation's exchange rate is the single most important price in its economy; it will
It is a sobering fact that the prominence of central banks in this century has coincided with a general tendency towards more inflation, not less. [I]f the overriding objective is price stability, we did better with the nineteenth-century gold standard and passive central banks, with currency boards, or even with 'free banking.' The truly unique power of a central bank, after all, is the power to create money, and ultimately the power to create is the power to destroy. Paul Volcker Sayings: It is a sobering fact that the prominence of central banks in this century has
That day the U.S. announced that the dollar would be devalued by 10 percent. By switching the yen to a floating exchange rate, the Japanese currency appreciated, and a sufficient realignment in exchange rates was realized. Joint intervention in gold sales to prevent a steep rise in the price of gold, however, was not undertaken. That was a mistake. Paul Volcker Sayings: That day the U.S. announced that the dollar would be devalued by 10 percent. By
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 percent inflation every year means that after a decade prices are more than 25 percent higher and the price level doubles every generation. That is not price stability, yet they call it price stability. I just do not understand central banks wanting a little inflation. Paul Volcker Sayings: The idea that when people see prices falling they will stop buying those cheaper goods
It was probably a mistake to allow gold to rise so high. Paul Volcker Sayings: It was probably a mistake to allow gold to rise so high.
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 Sayings: I wish someone would give me one shred of neutral evidence that financial innovation has
The only thing useful banks have invented in 20 years is the ATM. Paul Volcker Sayings: The only thing useful banks have invented in 20 years is the ATM.
If, at the end of the day, we need to raise taxes, we should raise taxes. Paul Volcker Sayings: If, at the end of the day, we need to raise taxes, we should raise