From Floyd Norris' optimistic piece on the implementation of the Volcker Rule, which aims to ban proprietary trading at systemically important financial institutions (aka Too Big Too Fail) in today's NY Times.
You might be smoking like a chimney too if you had to explain to Congress how you were going to avoid causing massive unemployment (and cost pols their re-election) while slaying double digit inflation.
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| Former Federal Reserve Chairman Volcker testifying before the U.S. House Banking Committee, 1980 |
You might be smoking like a chimney too if you had to explain to Congress how you were going to avoid causing massive unemployment (and cost pols their re-election) while slaying double digit inflation.
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