Former Fed Chair Paul Volcker has passed away. From the NY Times: Paul A. Volcker, Fed Chairman Who Waged War on Inflation, Is Dead at 92Here are some excerpts from a prescient speech in February 2005: Paul Volcker Feb 2005 Stanford SpeechA few selected excerpts:”Altogether, the circumstances seem as dangerous…

Remembering Paul Volcker: 2005 Speech at Stanford