The Triumph of Persistence

Silber, William L.

Book - 2012
Average Rating: 3.5 stars out of 5.
Over the course of nearly half a century, five American presidents--three Democrats and two Republicans--have relied on the financial acumen, and the integrity, of Paul A. Volcker. During his tenure as chairman of the Federal Reserve Board, when he battled the Great Inflation of the 1970s, Volcker did nothing less than restore the reputation of an American financial system on the verge of collapse. After the 2008 financial meltdown, the nation turned again to Volcker to restore trust. Volcker's career demonstrated that a determined central banker can prevail over economic turmoil--so long as he can resist relentless political pressure. His resolve and independent thinking--sorely tested by Richard Nixon, Jimmy Carter, and Ronald Reagan--laid the foundation for a generation of economic stability. Indeed, William L. Silber argues, it was only Volcker's toughness on monetary policy that "forced Reagan to be Reagan" and to rein in America's deficit.--From publisher description.

Publisher: New York : Bloomsbury Press, 2012
Edition: 1st U.S. ed
ISBN: 9781608190706
Characteristics: viii, 454 p. : ill. ; 25 cm


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Apr 10, 2014

for freak's sake is it not one usurous snow after another ? No disrespect to the US Banking people but NZers pay heaps of interest and heaps of bank charges and the end result appears very expensive farm land and wages that tip heaps back on the mortgage

Aug 15, 2013
  • StarGladiator rated this: 1 stars out of 5.

Congrats on a seriously pathetic puff job, folks! All that really need be said is how long and how much and for how much remuneration Volcker worked for the Rockefellers - - no secret that!


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