The Sages: Warren Buffett, George Soros, Paul Volcker, and the Maelstrom of the Markets: Warren Buffett, George Soros, Paul Volker and and Maelstrom of Markets
Cato-at-liberty (Free subscription) | yesterday
In a recent edition of The Region magazine, published by the Federal Reserve Bank of Minneapolis, retiring Minn. Fed President Gary Stern interviews Paul Volcker on a variety of topics. It’s an interview well worth reading, and reminds one why Volcker is one of the more thoughtful voices on economics and finance, even if he isn’t [...]
The Mess That Greenspan Made (Free subscription) | yesterday
Apparently, enough others noted Paul Krugman's comments on debt and deficits over the weekend that he was compelled to pen this retort at his NY Times blog. When I was on This Week yesterday, George Will tried his hand at the debt scare thing, saying that we’re in terrible shape because by 2019 the interest on the debt will be SEVEN HUNDRED BILLION DOLLARS. (That should be read in the...
Netizen News Brief (Free subscription) | yesterday
... of how a VAT would "create a balance" with other economies, and White House adviser Paul Volcker cited a carbon tax and a VAT as ways to raise lots of revenue. In October, Speaker Nancy Pelosi said, "Somewhere along the way, a value-added tax plays into this." These statements are noteworthy, since American politicians are ordinarily skittish about saying we should...
TaxProf Blog (Free subscription) | 30/11/2009
In typical Washington, D.C. fashion, the President's Tax Reform Panel (President's Economic Recovery Advisory Board (PERAB)) announced at 4:07 p.m. on Friday of Thanksgiving week that it will miss its December 4 deadline to deliver its report: Statement from PERAB Chairman Paul Volcker on Tax Task Force The tax subcommittee...
Firedoglake (Free subscription) | 30/11/2009
... sent inflation rates through the roof , and Jimmy Carter’s fed chairman, the socialist Democrat Paul Volcker (who is currently in the Obama administration), ultimately solved the problem of stagflation . This “monetarist” theory was put into effect by Paul Volcker when he was Chairman of the Board of Governors of the Federal Reserve System in the late 1970s and early...
Capital Observer (Free subscription) | 29/11/2009
... and they heap praise on themselves. While those who warned ahead of time about this crisis, like Paul Volcker, are ignored.
Your Lying Eyes (Free subscription) | 25/11/2009
Are win in a recovery right now, and how strong is it? It looks pretty anemic, at least compared to the last great recession we had back in 81/82. Then, Fed Chairman Paul Volcker was ruthless in keeping interest rates high in order to wring the poison from the system. While the recession was painful (and since there was a Republican president at the time the press was equally relentless...
Open Left (Free subscription) | 25/11/2009
... Creadon uses candid interviews and his featured subjects include Warren Buffett, Alan Greenspan, Paul O'Neill, Robert Rubin, and Paul Volcker, along with the Peter G. Peterson Foundation's own David Walker and Bob Bixby of the Concord Coalition, a Foundation grantee. Pointedly topical and consummately nonpartisan, I.O.U.S.A. drives home the message that the only time for America's...
Suburban Guerrilla (Free subscription) | 26/11/2009
... has allowed himself to be seduced by it, leaving even his erstwhile campaign adviser, ex-Fed chief Paul Volcker, concerned about a “moral hazard” creeping over the administration. “The obvious danger is that with the passage of time, risk-taking will be encouraged and efforts at prudential restraint will be resisted,” Volcker told Congress in September, expressing concerns...
