Paul Volcker Famous Quotes
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If, at the end of the day, we need to raise taxes, we should raise taxes.
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 ...
When I hear complaints about less liquidity, remember there is such a thing as too much liquidity.
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!
That day the U.S. announced that the dollar would be devalued by 10 percent. By switching the yen to a floating exchange rate, the Japanese currency appreciated, and a sufficient realignment in exchange rates was realized. Joint intervention in gold sales to prevent a steep rise in the price of gold, however, was not undertaken. That was a mistake.
It was probably a mistake to allow gold to rise so high.
The standard of living of the average American has to decline.
