The Myth of Paul Volcker and the Powerful Fed [Eurodollar University, Ep. 221]

Paul Volcker is widely credited in ending the 1970s Great Inflation with stratospheric rate hikes, purposefully pushing the USA into recession. Balderdash! Volcker blinked when rates spiked. And it was stratospheric oil prices that brought on recession. ---EP. 221 REFERENCES--- The Fed Will Do What It Does, and It Won't Matter: https://bit.ly/3Mmj5YT Economists Criticize Volcker: https://nyti.ms/37yZ2I2 Few Expect Relief From Higher Rates: https://nyti.ms/3Lg6sP2 Banks ‘Profitability Tested: https://nyti.ms/3Ovc9KM Price Indexes Stir Complaints: https://nyti.ms/3L8pIxz Schultze and Jackson Differ Over Inflation: https://nyti.ms/3vGp9o6 Alhambra Investments Blog: https://bit.ly/2VIC2wWlin RealClear Markets Essays: https://bit.ly/38tL5a7 ----SEE ALL EPISODES---- Alhambra YouTube: https://bit.ly/2Xp3roy Emil YouTube: https://bit.ly/310yisL ---HEAR ALL EPISODES---- Vurbl: https://bit.ly/3rq4dPn Apple: https://apple.co/3czMcWN Deezer: https://bit.ly/3ndoVPE iHeart: https://ihr.fm/31jq7cI TuneIn: http://tun.in/pjT2Z Castro: https://bit.ly/30DMYza Google: https://bit.ly/3e2Z48M Reason: https://bit.ly/3lt5NiH Spotify: https://spoti.fi/3arP8mY Pandora: https://pdora.co/2GQL3Qg Castbox: https://bit.ly/3fJR5xQ Podbean: https://bit.ly/2QpaDgh Stitcher: https://bit.ly/2C1M1GB PlayerFM: https://bit.ly/3piLtjV Podchaser: https://bit.ly/3oFCrwN PocketCast: https://pca.st/encarkdt SoundCloud: https://bit.ly/3l0yFfK ListenNotes: https://bit.ly/38xY7pb AmazonMusic: https://amzn.to/2UpEk2P PodcastAddict: https://bit.ly/2V39Xjr PodcastRepublic:https://bit.ly/3LH8JlV --------THE TEAM-------- Jeff Snider, Head of Global Investment Research for Alhambra Investments. Master of ceremonies, Emil Kalinowski. Illustrations by David Parkins. Audio and video editor, Terence. Episode intro/outro music is "Multidimensional" by Sarah, the Illstrumentalist. -----FIND THE TEAM------ Jeff:   / jeffsnider_aip   Jeff: https://alhambrapartners.com/author/j... Emil:   / emilkalinowski   Emil: https://www.EuroDollarEnterprises.com David: https://DavidParkins.com/ Terence: https://www.VisualFocusMedia.com Sarah, the Illstrumentalist: https://www.epidemicsound.com/artists... "Multidimensional": https://www.epidemicsound.com/track/s... ----------TAGS---------- #JeffSnider #PaulVolcker #Inflation #FederalReserve