"That day the U.S. announced that the dollar……" — 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 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."
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Paul Volcker
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15 Quotes by Paul Volcker
Paul Volcker has 15 quotes on this site.
A few more worth reading:
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A global economy requires a global currency.
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It is a sobering fact that the prominence of central banks in this century has coincided with a general tendency…
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The only thing useful banks have invented in 20 years is the ATM.
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If, at the end of the day, we need to raise taxes, we should raise taxes.
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I wish someone would give me one shred of neutral evidence that financial innovation has led to economic growth —…
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When I hear complaints about less liquidity, remember there is such a thing as too much liquidity.
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The standard of living of the average American has to decline.
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Double-digit inflation is a terrible thing - and it got up to 14 or 15 percent on a monthly basis…
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It was the biggest inflation and the most sustained inflation that the United States had ever had.
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Less emphasis on inventories, I think, may tend to dampen business cycles, because business cycles are typically in the grasp…
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I am suspicious of the idea of a new paradigm, to use that word, an entirely new structure of the…
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The speed of communication, the speed of information transfer, the cheapness of communication, the ease of moving things around the…
See all 15 quotes by Paul Volcker »
More Announced Quotes
This quote is filed under Announced Quotes,
one of 212 quotes in that category. Here are a few more:
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If some great catastrophe is not announced every morning, we feel a certain void. Nothing in the paper today, we…
— Lord Acton
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What the president announced yesterday, is that somehow magically, if we just continue to prime the pump of taxpayer dollars,…
— Eric Cantor
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When I was president, I announced and I still maintain that I can live with Roe v. Wade. I did…
— Jimmy Carter
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One thing that's really interesting is not only the magnitude of the recent immigration into this country, but also its…
— Unknown Author
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If some good evidence for life after death were announced, I'd be eager to examine it; but it would have…
— Carl Sagan
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The rhythm of the weekend, with its birth, its planned gaiety, and its announced end, followed the rhythm of life…
— F. Scott Fitzgerald
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And whereas it is the duty of nations as well as of men, to own their dependence upon the overruling…
— Abraham Lincoln
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Recognize in this bread what hung on the cross, and in this chalice what flowed from His side... whatever was…
— Saint Augustine
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Very few of us can now place ourselves in the mental condition in which even such philosophers as the great…
— James Clerk Maxwell
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The saints must be honored as friends of Christ and children and heirs of God. Let us carefully observe the…
— John of Damascus
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Because of this basin of repentance and knowledge of God, which has been ordained for the transgression of God's people,…
— Justin Martyr
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If somebody had started on a remake of French Kiss before I announced my own film, I would have dropped…
— Ajay Devgan
See all 212 Announced Quotes »