Paul Volcker Archive

Comments on Volcker article

Here’s my take on the Volcker article My comments in below: The Fed & Big Banking at the Crossroads By Paul Volcker I have been struck by parallels between the challenges facing the Federal Reserve today and those when I first entered the Federal Reserve System as a neophyte economist in 1949. ...Read More

Will the cure be worse than the disease?

Will the cure be worse than the disease? Right, the financial press will chop the Fed to ribbons if inflation continues higher, as I expect it will. But Bernanke is setting the stage for an even bigger recession down the road. Just as the ultra-low rates of the early 2000s created many ...Read More