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A nation's exchange rate is the single most important price in its economy; it will influence the entire range of individual prices, imports and exports, and even the level of economic activity. So it is hard for any government to ignore large swings in its exchange rate...

Paul Volcker

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Only this incident inseparable every custom must have, viz., that it be consonant to reason; for how long soever it hath continued, if it be against reason, it is of no force in law.
Edward Coke

Paul Volcker

Paul Volcker
Creative Commons

Born: September 5, 1927
Died: December 8, 2019 (aged 92)
Bio: Paul Adolph Volcker Jr. was an American economist. He was Chairman of the Federal Reserve under Presidents Jimmy Carter and Ronald Reagan from August 1979 to August 1987.

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