How Paul Volcker Beat Inflation Of The 1970s [PODCAST]

For much of the 70s inflation was bad. Prices rose at over 10 percent a year. Nothing could stop it. President Gerald Ford tried to cut inflation by asking Americans to spend less.

Gerald Ford's Whip Inflation Now campaign.


As you might guess, the campaign did not work. Then, a tall man who smoked cheap cigars did something very unpopular. Today’s show: How we beat inflation.

Music: Jon Dix’s “Geometry.”

Relying On Old-Fashioned Stock Picking, Lee Ainslie Reports His “Strongest Quarter” Ever

Lee Ainslie's Maverick Fund USA enjoyed its "strongest quarter in the fund's history" during the three months to the end of June. According to a copy of the firm's second-quarter letter to investors, which ValueWalk has been able to review, Maverick Fund USA gained 18% in the second quarter. Following this performance, the fund was Read More