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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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"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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Assegid Habtewold

"Employment is the biggest form of slavery."

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Personal Development

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Assegid Habtewold

"The economic base of a nation, is the foundation of the it's secrets."

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Personal Development

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Assegid Habtewold

"I don't know where the stock market is going, but I will say this, that if it continues higher, this will do more to stimulate the economy than anything we've been talking about today or anything anybody else was talking about."

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Personal Development

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Assegid Habtewold

"A farmer is a magician who produces money from the mud."

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Personal Development

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Assegid Habtewold

"Because of the power that we have given money: The government would rather have taxpayers who do not vote, than voters who do not pay tax."

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Personal Development

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Assegid Habtewold

"In capitalist nation, all is decided by money."

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Personal Development

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Assegid Habtewold

"Not every single broke and unemployed person needs a job, some need customers."

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Personal Development

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Assegid Habtewold

"Civilization transformed man from a food gatherer to a gatherer of pieces of paper: diplomas, employment contracts, money, etc."

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Personal Development

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Assegid Habtewold

"India is poised to contribute as a new engine of global growth. A larger Indian economy has multiple benefits for the world. India presents a large and growing market. But India is much more than a market. India is a reliable partner; a source of high quality scientific, engineering and managerial talent."

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Assegid Habtewold

"India is one of the world economy's brightest spots. We have low inflation, a low balance of payments current account deficit, and a high rate of growth. This is the result of good policy, not good fortune."

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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."

Time

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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."

Economy

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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."

Economy

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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."

Creativity

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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."

Thought

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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."

Communication

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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."

Life

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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."

Business

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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."

Personal

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Paul A. Volcker
"It was the biggest inflation and the most sustained inflation that the United States had ever had."

Economy

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