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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. ↗

— Paul A. Volcker

#business #cycles #emphasis #grasp #heavy

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

#basis #became #chairman #double-digit #fed

I am suspicious of the idea of a new paradigm, to use that word, an entirely new structure of the economy. ↗

— Paul A. Volcker

#economy #entirely #i #i am #idea

It was the biggest inflation and the most sustained inflation that the United States had ever had. ↗

— Paul A. Volcker

#ever #had #inflation #most #states

Well, by the standards of a lot of countries, by Latin American standards, it wasn't so bad. ↗

— Paul A. Volcker

#bad #countries #latin #latin american #lot

Every man is guilty of all the good he did not do. ↗

— Voltaire

#did #every #every man #guilty #man

Love is a canvas furnished by nature and embroidered by imagination. ↗

— Voltaire

#canvas #furnished #imagination #love is #nature

What is tolerance? It is the consequence of humanity. We are all formed of frailty and error; let us pardon reciprocally each other's folly - that is the first law of nature. ↗

— Voltaire

#each #error #first #first law #folly

Let us read and let us dance - two amusements that will never do any harm to the world. ↗

— Voltaire

#any #dance #harm #let us #never

We are all full of weakness and errors; let us mutually pardon each other our follies - it is the first law of nature. ↗

— Voltaire

#errors #first #first law #follies #full