The Myth of Paul Volcker: Part 2 [Eurodollar University, Ep. 247]
![The Myth of Paul Volcker: Part 2 [Eurodollar University, Ep. 247]](https://i0.wp.com/i.ytimg.com/vi/4HbXUJXhqM4/maxresdefault.jpg?fit=%2C&ssl=1 "The Myth of Paul Volcker: Part 2 [Eurodollar University, Ep. 247]")
We are told that Paul Volcker led the Federal Reserve into the breech and bravely and knowingly raised short-term interest rates so as to bring about a recession and extinguish the 1970s Great Inflation. But according to Fed transcripts Volcker & Co. fell ass-backwards into recession. —-EP. 247 REFERENCES—- Monetary Policy Is All Talk All … Read more