A nation's exchange rate is the single most important price in its economy; it will influence the entire range of individual prices, imports and exports, and even the level of economic activity. So it is hard for any government to ignore large swings in its exchange rate.
Paul VolckerThe speed of communication, the speed of information transfer, the cheapness of communication, the ease of moving things around the world are a difference in kind as well as degree.
Paul VolckerWhat's the subject of life - to get rich? All of those fellows out there getting rich could be dancing around the real subject of life.
Paul Volcker