Volcker: The Triumph of Persistence by William L. Silber. Paul Volcker was the Fed chairman who – staunchly backed by Ronald Reagan in the face of  almost unimaginable political pressure – single-handedly broke the back of the cancerous inflation (and economic stagnation) which all but engulfed this country at the end of the Somber Seventies. That triumph set off the greatest bull market in both stocks and bonds of all time. The scope of Volcker’s lonely, heroic achievement – in the larger context of his life in full – is finally before us in this wise and admirable book.                                                               

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Permit me quietly to doubt that there’s a two-semester undergraduate economic history course anywhere in the republic whose content is richer – nor its effect more salutary – than these five volumes.

(c) 2013 Nick Murray. All rights reserved. Reproduced by permission. Nick highlights new books, articles, research findings and academic papers in the “Resources” feature of his monthly newsletter, Nick Murray Interactive. To download a sample issue, visit www.nickmurray.com, and click on “Newsletter.”
 

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