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December 21, 2023
Paul Volcker was the Chairman of the Federal Reserve under Presidents Carter and Reagan from 1979 to 1987, and the Chairman of the Economic Recovery Advisory Board under President Obama during 2009 and 2010. (August 2013)
The Fed & Big Banking at the Crossroads
August 15, 2013 issue
What the New President Should Consider
How to achieve lasting financial and fiscal reform
December 6, 2012 issue
The Next Four Years
Americans have long been eager consumers and home owners. But there is no doubt we collectively overdid it during the years leading up to the financial and economic crisis of 2008. The personal savings rate dropped close to zero. Mortgage indebtedness grew to new (and ultimately unsustainable) heights. All that occurred as real income for average American households rose little if at all. That’s not supposed to happen in a growing, productive economy. High consumption maintained at the expense of saving and increasing indebtedness simply could not be sustained in the face of the stalled income of the “99 percent.”
November 6, 2012
Financial Reform: Unfinished Business
November 24, 2011 issue
A Letter to President Obama
June 23, 2011 issue
'The Time Is Growing Short'
June 24, 2010 issue
‘Failure Risks Devastating Consequences’
November 8, 2007 issue
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