“The American standard of living must decline.”

— Paul Volcker

As Chairman of the Federal Reserve under Carter and Reagan, October 1979. archive.is https://archive.is/lLeUg, New York Times, David McNally, "Global Slump: The Economics and Politics of Crisis and Resistance", <br class="br">Source: https://books.google.com/books?id=ZRf9BgAAQBAJ&pg=PA25&lpg=PA25&dq=Paul+Volcker,+%E2%80%9CThe+American+standard+of+living+must+decline,%E2%80%9D books.google.com

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Paul Volcker5

American economist 1927–2019

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