Paul Volcker & The Great Inflation - a clip from "Money For Nothing: Inside the Federal Reserve"

A clip from the 2013 documentary film "Money For Nothing: Inside the Federal Reserve". (www.MoneyForNothingTheMovie.org)

This excerpt describes policies by US President Lyndon Johnson and others that led to what economists call "The Great Inflation" of the 1970s. In 1979 President Jimmy Carter appointed Paul Volcker as Federal Reserve Chair to deal with a problem that his predecessors had no answer for. With heroic political and personal courage Volcker enacted policies that caused short term pain but carried enormous long term benefits for the US and global economy.

Paul Volcker died on December 8, 2019. He was an American Hero.

"Money For Nothing: Inside the Federal Reserve" is a production of Liberty Street Films, LLC. All Rights Reserved