Paul A. Volcker Quotes


If I knew the answer to that question, I would disclose it.


Context

He had been asked how to solve the housing problem of the Great Recession. Rarely do major public figures admit ignorance on a major issue. Even if they have no specific solutions, they provide general platitudes and further describe the solution. If they are politicians, they then tend to blame the opposition for the existence of the problem.


Citations

Paul A. Volcker, Chairman, Federal Reserve Board, Quoted on PBS The Charlie Rose Show, October 24, 2011

Sourced by: Eigen's Political and Historical Quotations

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Paul A. Volcker
Paul A. Volcker
  • Born: September 5, 1927
  • Died: December 8, 2019
  • Nationality: American
  • Profession: Economist

Paul Adolph Volcker Jr. was an American economist. He served two terms as the 12th Chair of the Federal Reserve under U.S. presidents Jimmy Carter and Ronald Reagan from August 1979 to August 1987. He is widely credited with having ended the high levels of inflation seen in the United States during the 1970s and early 1980s. He was the chairman of the Economic Recovery Advisory Board under President Barack Obama from February 2009 until January 2011.