Volcker's father, as city manager of Teaneck, New Jersey during the Great Depression, professionalized the police and fire departments through meticulous budgeting, disclosure, and a fanatic commitment to not spending more than necessary while ensuring professional operations, resulting in no crime in the town.
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Speaker
Paul VolckerEvidence Quote
“My father, he took over as city manager of this bankrupt town in 1930... he was a fanatic for disclosure... he professionalized the police department and the fire department”
Created: 8/11/2026, 1:16:44 AM
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