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Paul Volcker Quotes

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Paul Volcker Quotes: "The standard of living of the average American has to decline."

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



Paul Volcker Quotes: "I wish someone would give me one shred of neutral evidence that financial innovation has led to economic growth — one shred of evidence."

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

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



Paul Volcker Quotes: "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."

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

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



Paul Volcker Quotes: "A global economy requires a global currency."

A global economy requires a global currency.



Paul Volcker Quotes: "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."

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 Volcker Quotes: "I am suspicious of the idea of a new paradigm, to use that word, an entirely new structure of the economy."

I am suspicious of the idea of a new paradigm, to use that word, an entirely new structure of the economy.



Paul Volcker Quotes: "It was the biggest inflation and the most sustained inflation that the United States had ever had."

It was the biggest inflation and the most sustained inflation that the United States had ever had.



Paul Volcker Quotes: "If, at the end of the day, we need to raise taxes, we should raise taxes."

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