Key Words: Founder of world’s biggest hedge fund praises ‘greatest man’ he knows

‘Paul Volcker is the greatest man I know because of his character, wisdom and knowledge.’

Those weighty words of praise were tweeted out Tuesday by Ray Dalio, founder of hedge-fund behemoth Bridgewater Associates. Dalio’s social-media nod to the former Fed chair coincides with the release of Volcker’s memoir, “Keeping at It: The Quest for Sound Money and Good Government.”

In his new book, Volcker says he’s worried about the impact of money in politics and argues that the U.S. is devolving into a plutocracy.

“We face a huge challenge in this country to restore a sense of public purpose and of trust in government,” he wrote in the book.

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