The Reenactment of Paul Volker

In 1979, with inflation again surging, the nation and its attitude towards government had changed. By summer of 79, Americans are back on the gas lines. And guess what? They're furious. I think the nation was really sick of inflation. It was clear that we got to do something about it. So he appoints a guy named Paul Volker to head up the U.S. Federal Reserve. He told Carter he would do whatever it took to bring down inflation. We can't always be looking at the worst. If we're going to balance these risks of inflation and recession, we have to run not too scared.