Volcker

Martin thought economists' forecasts rivaled the accuracy of fortune teller predictions, probably an insult to the fortune tellers.

Mark Twain: "Better to remain silent and be thought a fool than to speak out and remove all doubt."
He firmly denied rumors that he had worked on the charter for the Bank of the United States with Alexander Hamilton, but he only smiled when the topic of Bretton Woods came up.

My condolences to you on your "promotion." I am delighted for the country at your accession to the chairmanship but sympathize with respect to the difficulties you are doomed to face."
Gerald Ford penned an especially flattering handwritten note, emphasizing Volcker's "magnificent service" in handling "domestic and international pressures and challenges with superb skill and unquestioned integrity." Ford summed up with: "The United States and the world as a whole are fortunate that you were at the helm during these difficult times. I thank you for a job well done and your personal sacrifices."

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Volcker

Description

William Silber

Updated

2020-05-31T17:51:14Z

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