Mises Wire
Author:
Connor Mortell
Online Publish Date:
Readers of the Mises Wire are most likely familiar with the Volcker moment. This was when former Fed chair Paul Volcker, in the face of steep price inflation, skyrocketed rates to nearly 20 percent . While critics of the Volcker moment complain that such a move also skyrocketed unemployment to almost 11 percent , it cannot be ignored that the