When people begin anticipating inflation, it doesn't do you any good anymore, because any benefit of inflation comes from the fact that you do better than you thought you were going to do.
Paul VolckerIt's a whole different attitude toward public service than it once was. I tell you, we can all sit around in our old age and moan about it, but I think the administrative processes and the management effectiveness of the federal government are terrible!
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