Quotes by Paul A. Volcker - Page 1

Well, by the standards of a lot of countries, by Latin American standards, it wasn't so bad.
Paul A. Volcker /
Latin
Latin American
Standards
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It was the biggest inflation and the most sustained inflation that the United States had ever had.
Paul A. Volcker /
Inflation
States
Biggest
Sustained
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I am suspicious of the idea of a new paradigm, to use that word, an entirely new structure of the economy.
Paul A. Volcker /
Economy
Paradigm
Structure
Suspicious
Entirely
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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 A. Volcker /
Business
Dancing
Fellows
Subject
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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 A. Volcker /
Chairman
Inflation
Percent
Terrible
Basis
Became
Double-Digit
Fed
Monthly
Terrible Thing
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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 A. Volcker /
Chairman
Inflation
Urgency
Willingness
By The Time
Forceful
Measures
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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 A. Volcker /
Cycles
Emphasis
Heavy
Inventory
Grasp
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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 A. Volcker /
Communication
Ease
Information
Moving
Speed
Degree
Transfer
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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 A. Volcker /
Inflation
Good Better People
Begin
Anticipating
Benefit
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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 A. Volcker /
Assuming
Inflation
Investment
Ahead
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Paul A. Volcker Quotes - Page 1

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