Entries tagged "Bretton Woods"
Last week, I questioned whether former Federal Reserve Chairman Paul Volcker is the right person to lead the economy out of its doldrums. The post prompted some debate in the comments section of Dealscape. In response to one comment, let me say that I never meant to argue that Volcker's actions to stem inflation were wrong. I simply highlighted that the actions produced a deep recession. However, I did make it clear that Volcker's efforts eventually broke years of stagflation the U.S. economy had suffered through in the 1970s. In fact, I may not have been clear in my post,...
