Bibliograph

Volcker, the triumph of persistence, William L. Silber

Type

Label

Volcker, the triumph of persistence, William L. Silber

Language

eng

Bibliography note

Includes bibliographical references and index

resource.biographical

individual biography

Index

index present

Literary Form

non fiction

Main title

Volcker

Nature of contents

dictionariesbibliography

Oclc number

809669639

Responsibility statement

William L. Silber

Sub title

the triumph of persistence

Summary

Over the course of nearly half a century, five American presidents--three Democrats and two Republicans--have relied on the financial acumen, and the integrity, of Paul A. Volcker. During his tenure as chairman of the Federal Reserve Board, when he battled the Great Inflation of the 1970s, Volcker did nothing less than restore the reputation of an American financial system on the verge of collapse. After the 2008 financial meltdown, the nation turned again to Volcker to restore trust. Volcker's career demonstrated that a determined central banker can prevail over economic turmoil--so long as he can resist relentless political pressure. His resolve and independent thinking--sorely tested by Richard Nixon, Jimmy Carter, and Ronald Reagan--laid the foundation for a generation of economic stability. Indeed, William L. Silber argues, it was only Volcker's toughness on monetary policy that "forced Reagan to be Reagan" and to rein in America's deficit.--From publisher description

Table Of Contents

1. Background -- The early years -- Apprenticeship -- 2. Confronting gold, 1969-1974 -- Battle plan -- Gamble -- Transformation -- Compromise -- 3. Fighting inflation, 1979-1987 -- Prelude -- Challenge -- The plan -- Sticking to it -- New territory -- The only game in town -- The end of the beginning -- Follow-through -- The resignations -- An equestrian statue -- 4. The twenty-first century -- In retrospect -- The rule -- Trust

Classification