5min chapter

Forward Guidance cover image

Europe and China: Already In Recession | Paul Hodges

Forward Guidance

CHAPTER

What Paul Volkar Did to Bring Inflation Down

Paul volkar helped to bring inflation down from 15 20 %, depending on where you were, to where we got to. He didn't do that by ing the stock markets. In fact, if you go back to 19 80 n 19 82, he said, you've got to get inflation down. We shouldn't have let it get to this point. And one thing that volka didn't have to deal with in 19 80 was debt. You're in a world now which is very much like the seventies. High energy prices,. high interest rates, you've going higher, you'veGot high inflation, and deopolitical tensions. The russian invasionof of ukraine

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