Volcker: Circumstances "dangerous and intractable"
Submitted by
CalculatedRisk on Wed, 02/16/2005 - 8:26pm (2 comments)
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He looks as stern there as he did back in 1981 when he stuck it to Reagan's fiscal stimulus. Sometimes, I wonder if the Greenspan FED should do the same - but then I look at the labor market and say "never mind".
Amazing. Volcker must be in his 80s, but he's sharper than 99% of the whiz kids in Wall Street and Washington.