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Title : Paul Volcker Gives David Stockman A Thumbs Up
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Paul Volcker Gives David Stockman A Thumbs Up

David Stockman

In his novel memoir, Keeping At It: The Quest for Sound Money in addition to Good Government, Paul Volcker writes that in that place were many critics of his endeavor to battle cost inflation past times correctly slowing coin provide growth, including critics inward the Reagan administration.

EPJ friend David Stockman who was the Director of the Office of Management in addition to Budget (1981–1985) nether President Ronald Reagan comes out equally something of a hero at the time.

Volcker writes:

Almost from the start, the press reported grumblings virtually the Fed from White House staff. But my occasional meetings alongside the president remained cordial, David Stockman, Reagan's outspoken budget director, shared his anti-inflation instincts in addition to regularly urged me to stick alongside it.

-RW 

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