Paul Volcker

"We live in a world in which individuals and busi­nessmen… they want to do so unencumbered by national boundaries. At the same time, modern democracies, at least as much as other forms of government, l…"

"The happy days of Bretton Woods, often viewed today with nostalgia, were a special case, workable because of a particular economic and political setting… the inherent contradictions in the system were…"

"I start from the premise that the underlying pres­sures toward integration and interdependence are growing stronger, not weaker. We cannot reverse or stop the advancing technology that brings us fast …"

"“The American standard of living must decline”; as Chairman of the Federal Reserve under Carter and Reagan, October 1979. archive.is, New York Times, David McNally, "Global Slump: The Economics and Po…"

"There does seem to me a latent danger— no part of the intention of present European leaders— implicit in the development . Regional monetary unity implies a greater degree of visible loss of autonomy …"

"Fred Hirsch's last dicta: "A controlled disintegration in the world economy is a legitimate objective for the 1980's"… The phrase captures what seems to me the prevailing attitudes and practices of mo…"