Paul Volcker

The idea that when people see prices falling they will stop buying those cheaper goods or cheaper food does not make much…

— 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,…

— Paul Volcker

I wish someone would give me one shred of neutral evidence that financial innovation has led to economic growth — one shred…

— Paul Volcker

It is a sobering fact that the prominence of central banks in this century has coincided with a general tendency towards more…

— Paul Volcker

The only thing useful banks have invented in 20 years is the ATM.

— Paul Volcker

It was probably a mistake to allow gold to rise so high.

— Paul Volcker

The standard of living of the average American has to decline.

— 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…

— Paul Volcker

A global economy requires a global currency.

— Paul Volcker

If, at the end of the day, we need to raise taxes, we should raise taxes.

— Paul Volcker

When I hear complaints about less liquidity, remember there is such a thing as too much liquidity.

— Paul Volcker

That day the U.S. announced that the dollar would be devalued by 10 percent. By switching the yen to a floating exchange…

— Paul Volcker