Volcker Biography

If you’re interested in a very readable economic history of the U.S. over the last fifty years, I recommend William Silber’s new biography of Paul Volcker. ¬†Volcker is one of my heroes and was deeply involved in solving many of our economic problems — including the collapse of the Bretton-Woods fixed exchange rate system in the late 1960’s and early 1970’s and in reducing the high inflation at the end of the 1970’s.

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