I will feel no guilt on shutting my door to those who didn't listen.
Whoever controls the volume of money in any country is absolute master of all industry and commerce.
Before Volcker’s speech, bonds had been conservative investments, into which investors put their savings when they didn’t fancy a gamble in the stock market. After Volcker’s speech, bonds became objec...
Money is not an invention of the state. It is not the product of a legislative act. Even the sanction of political authority is not necessary for its existence. Certain commodities came to be money qu...
Had Volcker never pushed through his radical change in policy, the world would be many bond traders and one memoir the poorer.