| Edition |
First U.S. edition. |
| Description |
viii, 454 pages : illustrations ; 25 cm |
| Bibliography |
Includes bibliographical references (pages 341-440) and index. |
| Contents |
Introduction: more than a central banker -- Prologue: the three crises of Paul Volcker -- Part I: Background. The early years -- Apprenticeship -- Part II: Confronting gold, 1969-1974. Battle plan -- Gamble -- Transformation -- Comprimise -- Part III: Fighting inflation, 1979-1987. Prelude -- Challenge -- The plan -- Sticking to it -- New territory -- The only game in town -- The end of the beginning -- Follow-through -- The resignations -- An equestrian statue -- Part IV: The twenty-first century. In retrospect -- The rule -- Trust -- Personal records and correspondence -- Photographs and cartoons. |
| Summary |
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. |
| Subject |
Volcker, Paul A.
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|
Economists -- United States -- Biography.
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Board of Governors of the Federal Reserve System (U.S.) -- Officials and employees -- Biography.
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United States -- Economic policy -- 1971-1981.
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United States -- Economic policy -- 1981-1993.
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Monetary policy -- United States -- History -- 20th century.
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| ISBN |
9781608190706 hardback |
|
1608190706 hardback |
|
