[Australian Reserve Bank] Governor MacFarlane said recently when Paul Volcker broke the back of American inflation it's regarded as the policy triumph of the Western world. When I broke the back of Australian inflation they say, "Oh, you're the fellow that put the interest rates up." Am I not the same fellow that gave them the 15 years of good growth and high wealth that came from it?
"7:30 Report" interview, May 08, 2006.
![[Australian Reserve Bank] Governor MacFarlane said recently when Paul Volcker broke the back of American inflation it's regarded as the policy triumph of the Western world. When I broke the back of Australian inflation](http://cdn.quoteddaily.com/images/paul-keating/australian-reserve-bank-governor-macfarlane-said-recently-when-paul-volcker-broke-the-back-of-american-inflation-its-regarded-as-the.jpg)