POLICYMAKERS: Simon: Lonely Voice, Less Influence

"History is littered with the wreckage of governments that could not deal adequately with inflation—and I will also suggest that history is littered with the wreckage of finance ministers who spoke the way lam speaking right now. "

—Secretary of the Treasury

William Simon

The Cassandra tone typifies Simon's current role—and his questionable future in Government. Once supremely confident of his ability to deal with what he called the nation's "infinitely solvable" economic problems, he now sees himself as the sound-money "conscience" of the Government, repeating dire warnings that he knows few politicians...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!