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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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Customized
Exlpore more Economy quotes
"Economic growth cannot only be restricted to a few cities and a few citizens. Development has to be all-round and all-inclusive."
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"Belonging to the working class is the economy's punishment for those who did what they were told to do in class."
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"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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"Not every single broke and unemployed person needs a job, some need customers."
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"A reputation for money is almost as negotiable as money itself."
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"Capitalism is the most powerful tool for positive social change."
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"Major policy reform in the petroleum sector. Under the new Hydrocarbon Exploration Licensing Policy, there will be pricing and marketing freedom and a transparent revenue-sharing methodology. This will eliminate many layers of bureaucratic controls."
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"India is undergoing a profound social and economic change. A billion of its citizens are already politically empowered. My dream is to economically empower them through many social and economic transformations."
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"The economy of a novelist is a little like that of a careful housewife who is unwilling to throw away anything that might perhaps serve its turn."
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"You know if the U.S. Government wanted to boost the economy there's a simple solution make Black Friday the refund date for your state and federal taxes."
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Explore more quotes by 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
"It was the biggest inflation and the most sustained inflation that the United States had ever had."
Economy
"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
"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
"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
"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
"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
"Well, by the standards of a lot of countries, by Latin American standards, it wasn't so bad."
Personal
"I am suspicious of the idea of a new paradigm, to use that word, an entirely new structure of the economy."
Creativity
"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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