Volcker brought inflation down to about 4 -- Greenspan took it the rest of the way.
More Quotes from Alan Meltzer:
Greenspan showed that you can have long periods of full employment without inflation.Alan Meltzer
It was very hard to bring it down to 4, but it was also very hard to bring it down from 4 because at that point people weren't terribly concerned about inflation.
Alan Meltzer
For years we have admired Don's expertise and presence in the community. We are excited to have him join our team.
Alan Meltzer
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