Paul Volcker - When CPI in the ’70s rose to double-digit levels as a result of the US leaving the gold standard to cover budget deficits, former Fed president Paul Volcker had the courage to act and raised rates to 20 percent in 1980. That could never happen today.

9:45am PDT - July 20th, 2021

When CPI in the ’70s rose to double-digit levels as a result of the US leaving the gold standard to cover budget deficits, former Fed president Paul Volcker had the courage to act and raised rates to 20 percent in 1980. That could never happen today.

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Richard Monaghan (@R1ch47dM0n49h4n)