'Former Federal Reserve Chairman Paul Volcker Calls US "Delinquent" On Climate Change'

[Mirza]

http://www.treehugger.com/files/2007...er_federal.php

"the argument that taxes on oil or carbon emissions, for example, would ruin an economy was "fundamentally false." "First of all, I don't think (such a step) is going to have that much of an impact on the economy overall. Second of all, if you don't do it, you can be sure that the economy will go down the drain in the next 30 years," [/b]

[chogan]

<div class='quotetop'>QUOTE(Mirza @ Feb 8 2007, 12:27 PM) [snapback]387036[/snapback]</div>

http://www.treehugger.com/files/2007...er_federal.php
[/b]

Appointed by Jimmy Carter, did what Carter asked him to do (broke the back of the spiraling inflation of the time), had the spine to raise interest rates to (as I recall) 21% on the prime rate rather than take the easier course to allow us to slide into hyperinflation. In my opinion, the best Fed chair in modern history by a longshot. When faced with a tough choice, he chose "some pain now rather than greater pain later". So his stand is unsurprising. Good of him to go public with this.

[fshagan]

I haven't liked him since he broke up with Garfunkel.