![]() ![]() dollar from its link to the gold supply using fresh fiscal policies to tamp down high inflation rates and President Obama's involving the octogenarian Volcker in the aftermath of the global financial crisis. The author focuses instead on three daring policy battles that changed the world economic order: removing the U.S. In some respects, Silber (Finance and Economics/New York Univ., Stern School of Business When Washington Shut Down Wall Street: The Great Financial Crisis of 1914 and the Origins of America's Monetary Supremacy, 2007, etc.) delivers a conventional chronological biography light on Volcker's personal life. ![]() ![]() In 1979, President Jimmy Carter appointed him chairman of the Federal Reserve, making the imposing man the most visible banker anywhere Ronald Reagan retained Volcker as chairman. Treasury Department as an influential policymaker. Volcker.īorn in 1927, Volcker attended Princeton and eventually landed in the U.S. From a fellow economist, an admiring biography of Paul A. ![]()
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