Paul Volcker Quotes

15 quotes in 278 categories

• A global economy requires a global currency.
• 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…
• 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.…
• 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.
• I wish someone would give me one shred of neutral evidence that financial innovation has led to economic growth — one shred of evidence.
• When I hear complaints about less liquidity, remember there is such a thing as too much liquidity.
• The standard of living of the average American has to decline.
• 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…
• It was the biggest inflation and the most sustained inflation that the United States had ever had.
• 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…
• I am suspicious of the idea of a new paradigm, to use that word, an entirely new structure of the economy.
• 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…
• 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…
• 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…

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