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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
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Other quotes of Paul Volcker


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

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



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

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



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

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



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.



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.



A global economy requires a global currency.

A global economy requires a global currency.



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.



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.



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.



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.





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Sometimes the smartest decision is the last one you want to make.

Sometimes the smartest decision is the last one you want to make.



You can try to reach an audience, but you just write what comes out of you and you just hope that it is accepted. You do not write specifically to a generation.

You can try to reach an audience, but you just write what comes out of you and you just hope that it is accepted. You do not write specifically to a generation.



there were times when I was more at home in front of millions of people than I was at home.

there were times when I was more at home in front of millions of people than I was at home.



Are not all religions strange to those who stand outside of them?

Are not all religions strange to those who stand outside of them?



Then there was LSD, which was supposed to make you think you could fly. I remember it made you think you couldn't stand up, and mostly it was right.

Then there was LSD, which was supposed to make you think you could fly. I remember it made you think you couldn't stand up, and mostly it was right.



Many of us feel we walk alone without a friend Never communicating with the one who lives within.

Many of us feel we walk alone without a friend Never communicating with the one who lives within.



You're not a failure if you don't make it. You're a success because you tried.

You're not a failure if you don't make it. You're a success because you tried.



It is proof of sincerity, which I value above all things; as, between those who practice it, falsehood and malice work their efforts in vain.

It is proof of sincerity, which I value above all things; as, between those who practice it, falsehood and malice work their efforts in vain.



Time and time again I have been persuaded that a huge potential of goodwill is slumbering within our society. It's just that it's incoherent, suppressed, confused, crippled and perplexed.

Time and time again I have been persuaded that a huge potential of goodwill is slumbering within our society. It's just that it's incoherent, suppressed, confused, crippled and perplexed.




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This page presents the quote "I wish someone would give me one shred of neutral evidence that financial innovation has led to economic growth — one shred of evidence.". Author of this quote is Paul Volcker. This quote is about economic growth, give me, innovation, business, evidence, wish, financial, giving,.