Lessons From the Last Great Hero of Modern Finance
The global economy was not the only casualty of the 2008 financial collapse. The crisis also soiled the reputations of many in the financial industry and of the regulators, political leaders, and media outlets that were supposed to keep them in check. So William Silber’s new biography of Paul Volcker, one of the last remaining heroes of modern finance, could not have come at a better time. Silber, an economist at New York University, uses his book to walk the reader through some of the important episodes in Volcker’s long and storied career, during which he served in five U.S. administrations.