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Paul A. Volcker

"Well, by the standards of a lot of countries, by Latin American standards, it wasn't so bad."

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"Well, by the standards of a lot of countries, by Latin American standards, it wasn't so bad."

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"You're growing and that scares people, it frightens the shit out of them because they know if they don't step up within themselves you'll move forward with out them. When this happens, don't you dare settle to suit the mould - have courage to live without one."

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"You enter the forestat the darkest point,where there is no path.Where there is a way or path,it is someone else's path.You are not on your own path.If you follow someone else's way,you are not going to realizeyour potential."

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"See, as much as you want to hold on to the bitter sore memory that someone has left this world, you are still in it. And the very act of living is a tide: at first it seems to make no difference at all, and then one day you look down and see how much pain has eroded."

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Paul A. Volcker
"When people begin anticipating inflation, it doesn't do you any good anymore, because any benefit of inflation comes from the fact that you do better than you thought you were going to do."
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Paul A. Volcker
"What's the subject of life - to get rich? All of those fellows out there getting rich could be dancing around the real subject of life."
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Paul A. Volcker
"I am suspicious of the idea of a new paradigm, to use that word, an entirely new structure of the economy."
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Paul A. Volcker
"You could not buy a house in those days without just assuming that the house was not only a place to live, but it was a good investment, because it was going to keep up with inflation or get ahead of inflation, and it was just - that was America."
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Paul A. Volcker
"It was the biggest inflation and the most sustained inflation that the United States had ever had."
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Paul A. Volcker
"By the time I became chairman and there was more of a feeling of urgency, there was a willingness to accept more forceful measures to try to deal with the inflation."
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Paul A. Volcker
"Less emphasis on inventories, I think, may tend to dampen business cycles, because business cycles are typically in the grasp of inventory cycles and heavy industry cycles."
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Paul A. Volcker
"The speed of communication, the speed of information transfer, the cheapness of communication, the ease of moving things around the world are a difference in kind as well as degree."
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Paul A. Volcker
"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."
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Paul A. Volcker
"Well, by the standards of a lot of countries, by Latin American standards, it wasn't so bad."
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