Arthur Burns

Somehow poor and wretched Volcker--never knowing where he stood on any issue--had succeeded in instilling an irrational fear of gold in his tyrannical master {John Connally}, whom he tried constantly to please by catering to his hatred of foreigners (particularly the French) instead of his capacity (not inconsiderable) for straight reasoning.

As cited in Volcker, the Triumph of Persistence by William L. Silber