| Link | Quote | Stars | Tags | Author |
| 35b9a53 | Had Volcker never pushed through his radical change in policy, the world would be many bond traders and one memoir the poorer. | business-cycle federal-reserve interest-rates money-supply paul-volcker bonds | Michael Lewis | |
| 7978c20 | Before Volcker's speech, bonds had been conservative investments, into which investors put their savings when they didn't fancy a gamble in the stock market. After Volcker's speech, bonds became objects of speculation, a means of creating wealth rather than merely storing it. | business-cycle federal-reserve interest-rates money-supply paul-volcker bonds wall-street | Michael Lewis |