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.

Quote by Paul A Volcker

Topics: Paul A Volcker Quotes

You could not buy a house in those days without just assuming that the house...

You could not buy a house in those days without just assuming that the house...

By the time I became chairman and there was more of a feeling of urgency,...

By the time I became chairman and there was more of a feeling of urgency,...

What's the subject of life - to get rich? All of those fellows out there...

What's the subject of life - to get rich? All of those fellows out there...

I am suspicious of the idea of a new paradigm, to use that word, an...

I am suspicious of the idea of a new paradigm, to use that word, an...

When people begin anticipating inflation, it doesn't do you any good anymore, because any benefit...

When people begin anticipating inflation, it doesn't do you any good anymore, because any benefit...

Less emphasis on inventories, I think, may tend to dampen business cycles, because business cycles...

Less emphasis on inventories, I think, may tend to dampen business cycles, because business cycles...

The speed of communication, the speed of information transfer, the cheapness of communication, the ease...

The speed of communication, the speed of information transfer, the cheapness of communication, the ease...

It was the biggest inflation and the most sustained inflation that the United States had...

It was the biggest inflation and the most sustained inflation that the United States had...

What's the subject of life - to get rich? All of those fellows out there...

What's the subject of life - to get rich? All of those fellows out there...

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

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