paul volcker?

maxitronixy · Nov 23, 2009

is paul volcker the guy who put high intrests rates on the economcy in the what 70s 80s that eventually caused the usd to rise?

is he still alive? if so what's he doing at the fed?

Ivanovich · Nov 23, 2009

Dude, he hasn't been at the Fed for a long time.

There's this awesome tool called "Google". Try it out.

maxitronixy · Nov 23, 2009

lol k

rsikit · Nov 23, 2009

As oer Google:

He is today an economic advisor to President Barack Obama. Mr. Volcker heads the President's Economic Recovery Advisory Board

Scataphagos · Nov 23, 2009

Quote from rsikit:

As oer Google:

He is today an economic advisor to President Barack Obama. Mr. Volcker heads the President's Economic Recovery Advisory Board

However, he's been "kicked to the curb"... his ideas and philosophy about "prudent monetary and fiscal policy" are not popular with the Obama tyranny.

Anaconda · Nov 23, 2009

Quote from Scataphagos:

However, he's been "kicked to the curb"... his ideas and philosophy about "prudent monetary and fiscal policy" are not popular with the Obama tyranny.

You don't get it and neither do the rest of Volcker's worshipers. He plays and has always played for the same team that is in charge now.

His policies induced stagflation, tax increases and started the offshoring of USA's manufacturing & industrial base. Sound money is far from his philosophy.

Volcker is one of the primary henchmen for the banksters. Just look at his professional life.

Scataphagos · Nov 23, 2009

Quote from Anaconda:

You don't get it and neither do the rest of Volcker's worshipers. He plays and has always played for the same team that is in charge now.

His policies induced stagflation, tax increases and started the offshoring of USA's manufacturing & industrial base. Sound money is far from his philosophy.

Volcker is one of the primary henchmen for the banksters. Just look at his professional life.

IDIOT. On my lonnnng list of ignores..

Anaconda · Nov 23, 2009

Quote from Scataphagos:

IDIOT. On my lonnnng list of ignores..

If I'm an idiot then you are breaking record of severity of retardation.

Inflation & dollar lows were setting new records during Volcker's term.

hoodooman · Nov 23, 2009

I always thought that the inflation was caused by printing cheap dollars to pay off the other stupid war dept. Moreover, I was never so well off. Paid off two houses and was offered ocean front lots on Hatteras island for 8k apiece.

Ivanovich · Nov 23, 2009

Quote from Anaconda:

Inflation & dollar lows were setting new records during Volcker's term.

Yes, but Volcker's actions countered inflation in the long run, and as a result, we had one of the best economic periods of growth ever.