Why History Matters
Oct. 21st, 2008 08:01 pm![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
webfarmerHad we zigged then, we might not be zagging now.
Volcker Out After 8 Years as Federal Reserve Chief; Reagan Chooses Greenspan
NY Times - 03 Jun 87
"The main philosophical difference between Mr. [Paul] Volcker, a Democrat, and Mr. [Alan] Greenspan, a Republican, appears to be in their views of the structure and regulation of the banking system. Mr. Volcker has tended to resist deregulation of banks while Mr. Greenspan is more favorably disposed to it."
Volcker Makes a Comeback as Part of Obama Brain Trust
WSJ - 21 Oct 08
"Mr. Volcker has emerged as a top economic adviser to Sen. Barack Obama during a presidential campaign dominated by a global financial crisis. Their growing bond is paying dividends for each man.
Mr. Volcker delivers gravitas and credibility to Sen. Obama, people in the Obama camp say, as well as ideas and approaches to the economic crisis. 'Volcker whispering in Obama's ear will make even Republicans comfortable, because he's a hero of the right and a supporter of a strong dollar,' says John Tamny, a supply-side economist and Republican."
Volcker Out After 8 Years as Federal Reserve Chief; Reagan Chooses Greenspan
NY Times - 03 Jun 87
"The main philosophical difference between Mr. [Paul] Volcker, a Democrat, and Mr. [Alan] Greenspan, a Republican, appears to be in their views of the structure and regulation of the banking system. Mr. Volcker has tended to resist deregulation of banks while Mr. Greenspan is more favorably disposed to it."
Volcker Makes a Comeback as Part of Obama Brain Trust
WSJ - 21 Oct 08
"Mr. Volcker has emerged as a top economic adviser to Sen. Barack Obama during a presidential campaign dominated by a global financial crisis. Their growing bond is paying dividends for each man.
Mr. Volcker delivers gravitas and credibility to Sen. Obama, people in the Obama camp say, as well as ideas and approaches to the economic crisis. 'Volcker whispering in Obama's ear will make even Republicans comfortable, because he's a hero of the right and a supporter of a strong dollar,' says John Tamny, a supply-side economist and Republican."
