Will we see hyperinflation in the next few years?
#21
Gets Weekends Off
Joined APC: Sep 2008
Position: The Far Side
Posts: 968
I like Volcker. Many of us remember the intense congressional / presidential / media pressure he was under to lower those rates. I remember him in a congressional hearing room being lambasted, then giving back better than he got. All the time he was (IIRC) blowing cigar smoke in those weenies' faces.
Yeah, I hope whoever's in charge has Volcker's guts when we need to spike rates again.
Yeah, I hope whoever's in charge has Volcker's guts when we need to spike rates again.
Last edited by rotorhead1026; 01-29-2009 at 09:06 PM.
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