Paul Volcker Slams The Fed: "The Kind Of Stuff That You’re Being Taught At Princeton Disturbs Me"

I've always admired Paul Volcker for his candidness--even when he was Fed Chairman.  Because his predecessors and successors are paid puppet liars.

http://www.zerohedge.com/news/2014-06-12/paul-volcker-slams-fed-kind-stuff-you%E2%80%99re-being-taught-princeton-disturbs-me

The responsibility of any central bank is price stability. I was at the helm at that time. Price stability is two percent inflation, which we can’t closely control anyway. They ought to make sure that they are making policies that are convincing to the public and to the markets that they’re not going to tolerate inflation.

The responsibility of the government is to have a stable currency. This kind of stuff that you’re being taught at Princeton disturbs me. Your teachers must be telling you that if you’ve got expected inflation, then everybody adjusts and then it’s OK. Is that what they’re telling you?