RIP PAUL VOLCKER

A sad day for the profession, former Chair of the Fed Paul Volcker passed on to the central bank beyond this plane of existence.

Among the great features of Paul Volcker to highlight are the fact that he is by all means an economist without having a Ph.D., the "Volcker Rule", his penchant for austerity, and the various cigar photos, my favorite of which is...

If you want a quick catch up on Volcker's economic sense, I high recommend the following book, which New York residents can borrow free via the New York Public Library (click for related post).