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.
More Quotes from Paul A. Volcker:
Well, by the standards of a lot of countries, by Latin American standards, it wasn't so bad.Paul A. Volcker
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.
Paul A. Volcker
By the time I became chairman and there was more of a feeling of urgency, there was a willingness to accept more forceful measures to try to deal with the inflation.
Paul A. Volcker
It was the biggest inflation and the most sustained inflation that the United States had ever had.
Paul A. Volcker
I am suspicious of the idea of a new paradigm, to use that word, an entirely new structure of the economy.
Paul A. Volcker
Readers Who Like This Quotation Also Like:
Based on Keywords: cycles, dampen, inventories, inventoryYears ago I realized that maybe I made mistake, politically, when I turned a lot of that stuff down. I would go off to obscure places and make movies that six people went to see.
Mickey Rourke
I was the good Bond girl, but I wanted to have the dresses and the high heels. I wanted the funky, sexy name.
Izabella Scorupco
Theatre can't be done again and again and again and again - it's organic.
Kim Cattrall