Top 31 Volcker Quotes
#1. After Volcker's speech, bonds became objects of speculation, a means of creating wealth rather than merely storing it. Overnight the bond market was transformed from a backwater into a casino.
Michael Lewis
#2. Volcker relied on public opinion, integrity, and persistence to overcome the political pressure to finance government spending the easy way, by printing money rather than by taxation.
William L. Silber
#3. Before Volcker's speech, bonds had been conservative investments, into which investors put their savings when they didn't fancy a gamble in the stock market. After Volcker's speech, bonds became objects of speculation, a means of creating wealth rather than merely storing it.
Michael Lewis
#4. Had Volcker never pushed through his radical change in policy, the world would be many bond traders and one memoir the poorer.
Michael Lewis
#5. After the Volcker Fund collapsed, I got another grant from the Lilly Endowment to do a history of the U.S., which I worked on from 1962-66. The original idea was to take the regular facts and put a libertarian assessment on everything.
Murray Rothbard
#6. Paul Volcker, former chairman of the Federal Reserve (1979-87): The worst financial investment I ever made was spending so much time in government. The most satisfying personal investment I ever made was spending so much time in government, frustrating as it could be.
Anonymous
#7. 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 life.
Paul A. Volcker
#8. I like 'Donnie Darko;' it's a cool take on dreams and sleep.
Mike Birbiglia
#9. 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
#10. Well, by the standards of a lot of countries, by Latin American standards, it wasn't so bad.
Paul A. Volcker
#11. I make decisions based on what I think is best for the country.
George W. Bush
#12. 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
#13. 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
#14. It was probably a mistake to allow gold to rise so high.
Paul Volcker
#15. I've always felt happy in my own company. It's only when I get around other people that things get sticky.
Helen Oyeyemi
#16. You could not buy a house in those days without just assuming that the house was not only a place to live, but it was a good investment, because it was going to keep up with inflation or get ahead of inflation, and it was just - that was America.
Paul A. Volcker
#17. 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 industry cycles.
Paul A. Volcker
#18. It was the biggest inflation and the most sustained inflation that the United States had ever had.
Paul A. Volcker
#19. I am suspicious of the idea of a new paradigm, to use that word, an entirely new structure of the economy.
Paul A. Volcker
#20. 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 kind as well as degree.
Paul A. Volcker
#21. History of India From Ancient Times to the 20th Century by William W. Hunter
William W. Hunter
#22. The only thing useful banks have invented in 20 years is the ATM.
Paul Volcker
#23. When I hear complaints about less liquidity, remember there is such a thing as too much liquidity.
Paul Volcker
#24. 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 A. Volcker
#25. The standard of living of the average American has to decline.
Paul Volcker
#26. By the time I became chairman and there was more of a feeling of urgency, there was a willingness to accept more forceful measures to try to deal with the inflation.
Paul A. Volcker
#27. 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 A. Volcker
#28. When a character does something appalling but you still want to root for them, I find that the most exciting challenge to play, if you can pull it off. You're not supposed to like it, but you can't help it.
David Walton
#29. If, at the end of the day, we need to raise taxes, we should raise taxes.
Paul Volcker
#31. I am excited to share my archive pictures and footage. I'll also share announcements about current events and success stories from the Sugar Ray Leonard Foundation to help fight diabetes and child obesity.
Sugar Ray Leonard
