Paul A. Volcker: Less emphasis on inventories, I think, may tend to dampen business cycles, because business cycles are typically in the grasp of inventory cycles and heavy industry cycles.

Less emphasis on inventories, I think, may tend to dampen business cycles, because business cycles are typically in the grasp of inventory cycles and heavy industry cycles.

-- Paul A. Volcker


		Name: Paul A. Volcker Type: Economist Nationality: American Birth: September 5, 1927

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