How the Fed beat inflation last time
AND NOW ENTERING THE RING....THE SIX FOOT SEVEN INFLATION EATING DYNAMO, THE BANKER RATE BREAKER, THE VOLCKER SHOCK.
More info and sources at bottom.
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About a billion sources here, all better than this:
The full interview:
https://americanarchive.org/catalog/c...
Fed charts I use:
https://en.wikipedia.org/wiki/Early_1...
The Fed does a ton of internal history. Makes me feel super bad about generalizing stuff, but if you want to go deeper, you can:
Inside baseball on the Volcker decision to go full monetarist (though they argue he wasn't for reasons I can guess at but don't fully understand):
https://www.federalreserve.gov/pubs/f...
Press conference where Volcker announces he's gonna throw down (sadly I couldn't find video, darn it):
https://fraser.stlouisfed.org/title/s...
Time mag cover:
http://content.time.com/time/covers/0...
Reagan and Volcker chillin':
• President Reagan's Photo Opportunitie...
Press conference with woman who hates Volcker:
• President Reagan's First Press Confer...
Reagan reappoints Volcker:
• President Reagan's Radio Address on F...
Bernanke gives his MASTERCLASS (tm). This is also on YT:
https://www.federalreserve.gov/aboutt...
Greenspan gets sworn in:
• President Reagan's Remarks at the Swe...
Jerome Powell factchecking my video for free at Jackson Hole, just this Friday: • Jackson Hole Symposium Opening Remark...
