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.
More Quotes from Paul A. Volcker:
Double-digit inflation is a terrible thing - and it got up to 14 or 15 percent on a monthly basis for a while, shortly after I became chairman of the Fed.Paul A. Volcker
Well, I started out in the Federal Reserve as a young economist and spent about five years in the Federal Reserve Bank of New York.
Paul A. Volcker
Well, by the standards of a lot of countries, by Latin American standards, it wasn't so bad.
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
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
It was the biggest inflation and the most sustained inflation that the United States had ever had.
Paul A. Volcker
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Based on Topics: Communication Quotes, World QuotesBased on Keywords: cheapness
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