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Quote by Arthur F. Burns

“My efforts to prevent closing of the gold window-working through Connally, Volcker, and Shultz-do not seem to have succeeded. The gold window may have to be closed tomorrow because we now have a government that is incapable, not only of constructive leadership, but of any action at all. What a tragedy for mankind!”

Quote by Arthur F. Burns

Author

Arthur F. Burns

Arthur F. Burns was a prominent economist, born on August 27, 1904, and died on June 26, 1987. He had a significant impact on the field of economics, particularly in the areas of monetary policy and the study of inflation. more

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