# Prof. William Silber's book, "Volcker: The Triumph of Persistence," is highlighted

1 Faculty News January 1, 2013 ![](/sites/default/files/styles/246w/public/assets/images/con_039841.jpg?itok=W-CLxltY)>

Excerpt from [Globe Asia](http://www.cato.org/publications/commentary/rethinking-conventional-wisdom-monetary-tour-dhorizon-2013) -- "To illustrate just how dangerous the conventional wisdom about the money supply can be, let’s revisit former Fed Chairman Paul Volcker’s highly praised inflation squeeze, which was ably profiled by Prof. [William Silber](http://www.stern.nyu.edu/faculty/bio/william-silber), in his recent book 'Volcker: The Triumph of Persistence' (Bloomsbury: 2012)."

[Read more](http://www.cato.org/publications/commentary/rethinking-conventional-wisdom-monetary-tour-dhorizon-2013)