In a statement, former Fed Chairman Paul Volcker said, "Dewey never retired. Up until his 98th year, he took enormous pride in the Vanderbilt and Nashville communities, where he became a fixture."
Former Fed board member J. Dewey Daane has died →
He also fails to note that virtually every other sector, in addition to housing, sprang back after the Reagan tax cuts went into effect.
RAHN: An inconvenient economic history →