The happy days of Bretton Woods, often viewed today with no… - Paul Volcker

" "
The happy days of Bretton Woods, often viewed today with nostalgia, were a special case, workable because of a particular economic and political setting… the inherent contradictions in the system were too great. With the benefit of hindsight, it would seem that an erosion of the United States competitive position was implicit in the postwar arrangements.

Paul Volcker

Sources available for members. Sign up free to see where this quote comes from

English

Collect this quote

About Paul Volcker

Paul Adolph Volcker, Jr. (September 5, 1927 – December 8, 2019) was an American economist. He was Chairman of the Federal Reserve under Presidents Jimmy Carter and Ronald Reagan from August 1979 to August 1987.

Also Known As

Birth Name: Paul Adolph Volcker Jr.

Alternative Names: Paul A. Volcker • Paul Adolph Volcker • Paul Adolph Volcker, Jr.

All quotes from Paul Volcker Similar Quotes by other Originators

Originators like Paul Volcker:

Paul Krugman Friedrich Hayek Roy Jenkins Alan Greenspan John Maynard Keynes

Additional quotes by Paul Volcker

Fred Hirsch's last dicta: "A controlled disintegration in the world economy is a legitimate objective for the 1980's"… The phrase captures what seems to me the prevailing attitudes and practices of most governments in this decade.

This is a time of testing — a testing not only of our capacity collectively to reach coherent and intelligent policies, but to stick with them.

Productivity growth in this country has actually been negative in a recent period. And, we have had higher oil prices; of course…. Under those conditions, the standard of living of the average American has declined.

The happy days of Bretton Woods, often viewed today with nostalgia, were a special case, workable because of a particular economic and political sett… - Paul Volcker

About Paul Volcker

Also Known As

Additional quotes by Paul Volcker