Keeping at It

Keeping at It

The Quest for Sound Money and Good Government

Book - 2018
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As chairman of the Federal Reserve (1979-1987), Paul Volcker slayed the inflation dragon that was consuming the American economy and restored the world's faith in central bankers. That extraordinary feat was just one pivotal episode in a decades-long career serving six presidents. Told with wit, humor, and down-to-earth erudition, the narrative of Volcker's career illuminates the changes that have taken place in American life, government, and the economy since World War II. He vibrantly illustrates the crises he managed alongside the world's leading politicians, central bankers, and financiers. Yet he first found his model for competent and ethical governance in his father, the town manager of Teaneck, NJ, who instilled Volcker's dedication to absolute integrity and his "three verities" of stable prices, sound finance, and good government.
Publisher: New York : PublicAffairs, 2018
Characteristics: xvi, 286 pages, 8 unnumbered pages of plates : portraits (some color) ; 25 cm
Edition: First edition
Copyright Date: ©2018
ISBN: 9781541788312 (hardcover)
1541788311 (hardcover)
Call Number: 332.1109 VOLCKER


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Jan 01, 2019

In 1980 while a college lecturer (read: gypsy professor) of Economics, Paul Volcker was my hero; I wasn't sure if he would be successful, but he had vowed to beat inflation. It amuses me now to hear people complain about 4 1/2% mortgages... try 16% in 1979! The book will be challenging for those with little training/interest in monetary economics, but you will get the political/institutional taste of how we got to the meltdown of 2008. Paul has been around banks and banking regulators virtually his entire life, so he is a worthy guide. And he kicks no one under the bus, even our current crude president. Paul's "only" in his 90's; you never know, they might need his advice..... yet again.


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