Tall Paul Volcker, The Last Central Banker—R.I.P. (Part 2)

The old saw that no good deed goes unpunished went into overdrive in the case of Volcker’s stunning 1980-1982 conquest of runaway inflation. That victory paved the way for a galloping recovery of GDP and jobs, which, in turn, enabled the 1984 GOP campaign slogan of “Morning in America” and the Gipper’s sweeping re-election that fall. […]
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