”| am concerned about central banks in general making a fetiJh over this 2 percent inflation. | don’t know why they want 2 percent inflation. | am going to have a great grandchild shortly. lf we have 2 percent inflation every year, by the time he grows up, prices will be four times what they are now. lt doesn’t make senJe having priceJ double every thirty years or so.”
//Paul Volcker