There are those who claim paul vulkar is the real father of this procession. In october, soon after he became fed reserve chairman, the fed intensified its efforts to stop inflation. His judgment was the flation won't go down until the entire world is convinced we're serious about stopping it. And so unemployment surged to over ten % in the early eighties as a result of these policies,. which are now often called the vulgar shock. Home builders who did things like drive a tractor on to the lawn of the fed and ma all two by fours paul volker to try to intimidate him. They lost their jobs and enned their livelihoods during this.