“When Volcker looks around now, he sees ‘a hell of a mess in every direction,’ including a lack of basic respect for government institutions, a current Fed that seems to be following a completely arbitrary benchmark and a ‘swamp’ in Washington run by plutocrats.”
USAGOLD note: Volcker has always been known for speaking his mind plainly and usually with deep insight. In that single sentence, though, he seems to have outdone himself. . . .and pretty much summed things up.
Image by European People’s Party (EPP Congress Bonn) [CC BY 2.0 (https://ift.tt/2HnEhxc], via Wikimedia Commons [Edited]
Repost from 10-24-2018
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