Skip to content

Reagan-era money man joins Obama team

November 26, 2008

Today Obama named Paul Volcker to lead a special group called the Economic Advisory Recovery board.  The man who killed inflation during the Reagan years is an inspired choice. The 6’7″, cigar-smoking former chair of the Federal Reserve was instrumental in pulling America out of Carter-era inflation, being appointed by Carter in 1979. His policies lowered inflation by 10 points in two years.

Volcker has already given much thought to the current financial crisis.  Let’s hope he can find a quick, cost-effective solution to this latest financial mess.

No comments yet

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: