Ray Dalio on LinkedIn: Paul Volcker was a hero and friend of mine – a role model with courage 102 comments
Paul Volcker was a hero and friend of mine – a role model with courage and intelligence. Now that we’re talking about tight money and about him, I thought it might be a good time to pass along a conversation I had with him that gives you a flavor of what he was like as a person. I think it’s a really good thing to have role models and heroes, which our society is lacking and in desperate need of. It’s also worth now looking at the actions Volcker took to break the back of inflation in the early 1980s
The rate hike led to the highest unemployment rate in a decade, but he was able to bring down inflation, which was followed by a decade of prosperity.
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