AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
3min chapter
SUMMER SCHOOL 7: The Fed & Volcker's Socks
Planet Money
Paul Volker
Paul Volker took a 50 percent pay cut to become the new chairman of the Federal Reserve in 1979. His daughter recalls how he lived in an apartment that was like a dorm for college students. She says sometimes when she would visit, there would be a keg in the hallway from a student's party. The next month, inflation rises from 12 percent to 12 and a half percent. A few months later, it goes up to 14 percent.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode