In Michael Lewis's book "Liar's Poker," the author highlights the significant impact of former Federal Reserve Chairman Paul Volcker's decisive shift in monetary policy during the late 1970s and early 1980s. By implementing measures to combat inflation, Volcker not only transformed the financial landscape but also paved the way for a new generation of bond traders, fundamentally altering how markets operated. His bold actions catalyzed changes that extended beyond economics, shaping...