Given how central it was in setting up the economy of the past 40 years, here and abroad, surprising how little critical or analytical work is done on Paul Volcker's Shock. This by is one of the few; lucky for us it is also an excellent read.
know I'm not the first to say so, but today is a fine occasion to revisit 's incisive and capacious essay on Paul Volcker
An essay criticizing Paul Volcker for using interest rate hikes to stop inflation back in the early 1980s: It's hard to know, but I think Volcker probably did the right thing.