Sunday, November 4, 2018

Best Lines So Far: Paul Volcker Autobiography

I have just started reading Paul Volcker's memoir, Keeping At It: The Quest for Sound Money and Good Government.

It is quite impressive and much better than I expected. I will have a full review when I complete it.

Until then, I came across this in the book:

At first my assignments [at the New York Federal Reserve Bank] were mostly typical for a midlevel economist--analysis of the banking statistics, some economic responses to questions about legislation, preparation of material for meetings of the policy-setting Federal Open Market Committee (FOMC). (As [Robert] Roosa's general handyman, I was once asked to write a poem in honor of a senior vice president who was retiring. I vaguely recall basing my verses on the unique meter of Rudyard Kipling's “Danny Deever," which described a death march for a British soldier about to be hanged. Fortunately, neither Roosa nor Senior Vice President Roelse were very familiar with Kipling.)


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