Special Issue: The 1979 Inflation Lecture That Scared Paul Volcker- Analysis
The Lecture That Scared Volcker
Arthur F. Burns, was Chairman of the Board of Governors of the Federal Reserve System from 1970 to 1978. The paper referenced and included at bottom is a reprint of the address Dr Burns gave as the sixteenth Per Jacobsson Lecture, at Belgrade, Yugoslavia, on September 30, 1979.
In October 1979, Fed Chairman Paul Volcker an…