Paul Volcker

"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…"

"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…"

"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…"

"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 …"