Paul Volcker Quotes

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

Paul Volcker

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

Paul Volcker

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

Paul Volcker

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

Paul Volcker

#5. A nation's exchange rate is the single most important price in its economy; it will influence the entire range of individual prices, imports and exports, and even the level of economic activity. So it is hard for any government to ignore large swings in its exchange rate ...

Paul Volcker

#6. 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

#7. It's a whole different attitude toward public service than it once was. I tell you, we can all sit around in our old age and moan about it, but I think the administrative processes and the management effectiveness of the federal government are terrible!

Paul Volcker

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

Paul Volcker