Who's the best Fed Chairman of all time?

Quote from Cache Landing:

That's interesting. Volcker was ridiculed tremendously at the time for his role in getting us off the gold-standard as well as his hard stance on inflation.

I suspect that he is considered great now because inflation is considered a problem, but his actions caused more protesting than any other.

Some would still criticize his influence on suspending gold convertability. I guess all that really matters is what the current issues are though.
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Also, his efforts to lower inflation created a deep recession. I don’t think it’s suitable to judge “the best chairman” by an inflationary measure alone (I’m assuming some here are doing so simply because it applies to the economy today), as his contractionary monetary policy did have repercussions.

Further, I don’t think Ben Bernanke is hopeless. Of course I am a bit biased from studying his many academic contributions to monetary policy. Time will tell his role as the chair.
 
Quote from TheDarkness:

Heh heh I am with you all the way on that one. good one.
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Volker would sit in Congressional hearings smoking a massive cigar and tell the the committee assholes how the world was gonna be....

we need him now more than ever....
 
you guys see blabbermouth greenspan say today that his policies had nothing to do with the housing bubble

can you believe it

greenspan = the biggest political hack the USA has ever seen
 
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