Quotes by Paul Volcker

Paul Volcker

A global economy requires a global currency.

Currency

Economy

Historical

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.

Government

Important

Swings

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 Standard

Feds

Terrible

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

Economy

Ideas

Use

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

Business

Giving

Innovation

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

Ends

Needs

The End Of The Day

It is a sobering fact that the prominence of central banks in this century has coincided with a general tendency towards more inflation, not less. [I]f the overriding objective is price stability, we did better with the nineteenth-century gold standard and passive central banks, with currency boards, or even with ‘free banking.’ The truly unique power of a central bank, after all, is the power to create money, and ultimately the power to create is the power to destroy.

Boards

Gold

Unique

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

Gold

Investing

Mistake

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

America

Inflation

United States

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!

Attitude

Government

Thinking

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America

Atm

Attitude

Average

Benefits

Boards

Business

Communication

Complaints

Currency

Dancing

Decline

Differences

Dollars

Double Standard

Economy

Ends

Facts

Fall

Feds

Giving

Gold

Government

Historical

Ideas

Important

Inflation

Innovation

Inventory

Investing

Mean

Mistake

Moving

Needs

People

Real

Remember

Standards

Swings

Terrible

The End Of The Day

Thinking

Too Much

Unique

United States

Use

Years

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Quotes by Paul Volcker

Paul Volcker

A global economy requires a global currency.

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.

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 wish someone would give me one shred of neutral evidence that financial innovation has led to economic growth — one shred of evidence.

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

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

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

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!

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