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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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The ability to simplify means to eliminate the unnecessary so that the necessary may speak. Simplification is the essence of abstraction from which objective values are not necessarily eliminated.
Hans Hofmann

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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