Word: volckerism
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...adept politician, Volcker is said to disdain politics...
...going to comment on somebody else in any way," Volcker says, chucking. "Obviously, he has very strong leadership talents and strong points of view...
...Many of Volcker's former critics in the White House and the Congress have changed their tune, but the staunchest supply-siders have yet to forgive him for the trade-offs associated with his policies. In particular, Rep. Jack Kemp (R-N.Y.), a possible 1988 presidential contender, blames Volcker for curtailing expansion by keeping interest rates high...
...Volcker has yet to convert some of his public enemies, like the followers of leftist Lyndon LaRouche. Several weeks ago, while Volcker was addressing a gathering in Seattle, one of his detractors released a sack of live rats in the auditorium, temporarily disrupting his speech...
Amid the clash of national politics, Volcker comes across as something of an anomaly...