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

Discussion in 'Environmental Discussion' started by Mirza, Feb 8, 2007.

  1. Mirza

    Mirza New Member

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    http://www.treehugger.com/files/2007/02/former_federal.php

     
    #1 Mirza, Feb 8, 2007
  2. chogan

    chogan New Member

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    <div class='quotetop'>QUOTE(Mirza @ Feb 8 2007, 12:27 PM) [snapback]387036[/snapback]</div>
    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.
     
    #2 chogan, Feb 11, 2007
  3. fshagan

    fshagan Senior Member

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    I haven't liked him since he broke up with Garfunkel.
     
    #3 fshagan, Feb 11, 2007
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