Interview with US Economic Recovery Advisory Board Chair Paul Volcker America Must 'Reassert Stability and Leadership'

Paul Volcker, 82, is one of US President Barack Obama's leading economic advisors. SPIEGEL spoke with him about the economic challenges facing the US, whether new taxes are needed to address public debt and how America can return to a position of economic leadership.
The financial crisis has led to a decline in American economic supremacy. Here, two traders taking a break on Wall Street in March.

The financial crisis has led to a decline in American economic supremacy. Here, two traders taking a break on Wall Street in March.

Foto: ERIC THAYER/ REUTERS
Interview conducted by Gabor Steingart and Thomas Schulz