Editor’s Note: When Paul Volcker was presented the NABE Lifetime Achievement Award for Public Policy, he was invited to share his views on public policy related to money and banking in an informal context. In addition to his own remarks, he responded to questions offered by Steve Liesman and...

Construction is a large, diverse, and–lately–fast-growing sector of the U.S. economy, comprising several distinct categories of activity. Construction accounts for roughly five percent of non-farm payroll employment and 12 percent of selfemployment. The value of construction put in place...