“I don’t think you can escape that.” These were the words of Federal Reserve Chairman Paul Volcker as he testified before Congress in October 1979. Inflation was 13%. Volcker’s ...

Stagflation, the challenging combination of high inflation, slow economic growth, and rising unemployment, presents a ...

This policy, famously known as the “Volcker Shock,” aimed to reduce inflation by contracting the money supply and curbing demand. Although these measures plunged the U.S. economy into a ...

Golf legend John Daly marked the end of 2024 in typically understated fashion, smashing a drive over the street while smoking a cigarette. The 58-year-old, who has earned cult status for his ...