Hold On There Volcker Fans, Don’t Forget The Past
Nov 17th, 2008 | By Andy Carpenter | Category: Financial NewsRumours continue to circulate that former Fed Chairman Paul Volcker will be Obama’s Treasury or Fed chief. Volcker’s hardline anti-inflation stance makes him an exciting prospect for Greenspan/Bernanke critics. But Andrew Carpenter says we should also remember the painful recessions that Volckers’ interest rate hikes induced…