Paul A. Volcker Quotes

The speed of communication, the speed of information transfer, the cheapness of communication, the ease of moving things around the world are a difference in kind as well as degree.

What's the subject of life - to get rich? All of those fellows out there getting rich could be dancing around the real subject of life.

Less emphasis on inventories, I think, may tend to dampen business cycles, because business cycles are typically in the grasp of inventory cycles and heavy industry cycles.