tag:blogger.com,1999:blog-11719208.post1588672985053181059..comments2023-11-05T04:36:14.223-08:00Comments on The Mess That Greenspan Made: Paul Volcker - frugal to a faultTimhttp://www.blogger.com/profile/16530974968126497397noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-11719208.post-89654041821575207672008-12-09T07:15:00.000-08:002008-12-09T07:15:00.000-08:00did his laundry on Saturdays at his daughter's hou...<I>did his laundry on Saturdays at his daughter's house nearby</I><BR/><BR/>Great, a free rider.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11719208.post-70395397569390345542008-12-09T06:34:00.000-08:002008-12-09T06:34:00.000-08:00Thank you for the information which is effectively...Thank you for the information which is effectively pretty useful.<BR/><BR/>Alas may I say that I second the opinion of Volcker as some kind of cover. <BR/><BR/>I just do not buy into running both a Volker-ian policy and a massive stimulus package. It just does not add up.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11719208.post-15109285664534236522008-12-09T05:06:00.000-08:002008-12-09T05:06:00.000-08:00I remember reading these stories about his frugali...I remember reading these stories about his frugality back when he was Fed chairman. Too bad the rest of the country ignored his example.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11719208.post-58787114881429952452008-12-09T02:40:00.000-08:002008-12-09T02:40:00.000-08:00From what I've seen, Volcker is a principled guy. ...From what I've seen, Volcker is a principled guy. We'll know if Volcker's presence is meant as a cover if he resigns in protest after working with the Obama team for a while. <BR/><BR/>But honestly, I don't think it matters much. The situation is far worse than it was in 1979 and this time around Paul isn't wielding any real power.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11719208.post-30724474760593612362008-12-08T16:13:00.000-08:002008-12-08T16:13:00.000-08:00I don't know. I don't think even he has understand...I don't know. I don't think even he has understands how "intractable" the situation is, a word that he's used quite often when commenting from afar. Now that he's up close he may with that he wasn't.Timhttps://www.blogger.com/profile/16530974968126497397noreply@blogger.comtag:blogger.com,1999:blog-11719208.post-25593440343012360302008-12-08T16:09:00.000-08:002008-12-08T16:09:00.000-08:00Tim, do you think the new administration is merely...Tim, do you think the new administration is merely using Volcker's reputation as a cover for the continuation of fiscal and monetary imprudence? Mr. Volcker will be very upset if he discovers he is the public face of a hidden agenda (much like Colin Powell's reaction to the necons).Anthony Alfidihttps://www.blogger.com/profile/11420163177787702821noreply@blogger.com