With a swirl of smoke floating around him, Paul Volcker was no stranger to the cigar lifestyle. Although he limited his smoking in public, he didn’t shy away from lighting up during congressional meetings. He tucked his long brown stick into his pocket, between his fingers, or in the corner of his mouth. You’d be hard-pressed to separate Volcker from his cheap cigars. Why cheap cigars? Volcker was as economical with his sticks as he was with the country’s finances.

Paul Volcker and Money

Paul Volcker Jr. was born in Cape May, New Jersey in 1927. He was an American economist who served as chairperson of the Board of Governors of the Federal Reserve System during the Carter and Reagan administrations. The Obama Administration later consulted with him as well when it sought to overhaul the nation’s financial regulatory system.

Volcker was the guy who received credit for wrangling inflation back under control. Inflation was at 14% in 1980 and fell to 3% by 1983, thanks to Volcker’s tactics.

Politics aside, though, there’s one thing that always stood out about Volcker and that was his love of cheap cigars and cigar lifestyle. Volcker was a man of six-foot-seven-inch stature and while he limited smoking in public, he often smoked his sticks in Congress during committee meetings, and no one stopped him. This was significant considering congress held several smoking bans since 1871, yet Volcker could continue enjoying his stick despite this.

Paul Volcker’s Love for Cheap Cigars

Unlike many cigar aficionados who love a good premium stick, Volcker preferred more affordable cigars. In fact, his personal favorites were AC Grenadiers, known today as Antonio y Cleopatra Grenadiers. During Volcker’s time, these sticks cost him a mere 25 cents per cigar. Volcker liked them because they were economical. They also helped him through a time of inflation, and he trained himself to smoke only what he could afford.

That might sound odd, considering the guy spent many years in prominent financial roles and on Wall Street. The discipline of smoking cheap cigars continued throughout Volcker’s life well after he was earning $1 million a year on Wall Street. Yet, he was a firm believer and practitioner in frugality and discipline, even with his choice of cigars.

Inflation’s Impact on the Cigar Industry

Volcker was as passionate about smoking affordable cigars as he was about fighting inflation. In fact, he once was quoted in a book written about the Insider Trading Sanctions Act of 1983 hearing as saying, “I am going to stop smoking cigars when the deficit goes away.” Volcker opted for more economical cigars to maintain his cigar lifestyle while fighting his battle against inflationary prices and sticking to a budget. That’s besides his staunch discipline for frugality.

Considering Volcker’s rule on smoking affordable cigars remains relevant even today considering the rising cost of cigars and other markets we’re facing.

Inflation is here once again, but that doesn’t mean you must go searching for something comparable today to Volcker’s 25-cent cigar of yesteryear. A better idea is to focus on finding good sticks you can afford and savoring them.

Should You Choose Cheap Cigars?

Like Paul Volcker, you can stick to your budget and beat inflation with more affordable cigar choices. That doesn’t mean you need to, or should, buy cheap cigars, though. Rather, focus on getting the best quality cigar that fits your budget. Reserve your premium sticks for those special occasions.

What’s the point of cigar lifestyle if you can’t enjoy the flavor and experience of your cigar? Familiarize yourself with how your cigars brand reputation, quality and the flavor profile.

If you’re new to cigar lifestyle or looking for a way to enjoy an affordable cigar without spending a small fortune, the prices on some of the premium cigars might seem daunting. Remember, there are ways to enjoy a good stick without kicking in $20 or more for each premium cigar.

The Final Word on Volcker and Cheap Cigars

Although Volcker often chose cheap cigars as his go-to, they weren’t the only cigars he smoked. He knew when to reach for a premium Havana as well. The key lies in knowing when to choose an affordable cigar and when the moment calls for something special.

When selecting affordable cigars, be selective, but also don’t be afraid to try new cigars. There are plenty of affordable sticks to choose from that won’t break your budget.

As with any cigar, to maximize flavor and your overall cigar experience, cleanse your palate before you smoke. Finally, a big part of cigar lifestyle is also about the fellowship afforded by a community of cigar aficionados. So, kick back, light up and enjoy the experience.

Photo credit: https://pixabay.com/photos/cigar-tobacco-havana-to-smoke-case-1293684/

Few things in the cigar world evoke such disparate reactions more than “infused” or flavored cigars. Retail shops and cigar lounges relegate infused cigars to separate humidors from “traditional” cigars. Additionally, purists often scoff at them and consider them as inferior in quality and taste. But make no mistake, infused cigars have crept into the premium space largely due to the pioneers at Drew Estate.

The Rebirth of Drew Estate Cigars

Twenty-five years ago, Pulp Fiction burst upon the movie screens and Drew Estate made a similar garish debut shortly thereafter. Flavored cigars were nothing new. In fact, cigars have been dipped in rum or other spirits for as long as they have existed. Unlike mass-produced, cheaply flavored cigars with cut-rate tobacco, the brand set out to launch the “Rebirth of Cigars,” by creating premium infused cigars with its Acid line.

A Recipe as Secret as the Colonel’s

The original Acid Kuba Kuba is a heady, medium-bodied, and exotically flavored cigar, not for the faint of heart. It’s definitely not something you want in your humidor next to your prized Cubans, since cigars readily absorb flavors. The Acid line was an immediate blockbuster and became the backbone of Drew Estate. It has several variations of infusions that take on different nuances in the various sizes, ranging from cigarillo to torpedo.

Twentieth Anniversary Benchmark

To celebrate the twentieth anniversary of the line, Drew Estate created a special blend of ultra-premium tobaccos and gave them a subtle infusion. Then, the boutique brand box-pressed its anniversary cigars to represent the pinnacle of the brand. The finished product resulted in a lush, full-bodied smoke. If this is any indication of what’s in store for the upcoming twenty-fifth-anniversary release, aficionados of infused cigars should start rejoicing.

The Rebirth of Cigars Continues

Drew Estate expanded beyond infused cigars and into the traditional premium space with the Liga Privada and Undercrown lines. The Liga Privada Number 9 remains one of the most coveted and difficult cigars to acquire in the United States. The careful attention to the construction and blending of the Liga or Acid lines is why other top producers added their own infused lines. Imitation, after all, is the most sincere form of flattery.

Swisher Sweets and Drew Estate

When Swisher International acquired Drew Estate in 2014, the acquisition created two, unique smoking experiences. Swisher, the home of the mass-produced, omnipresent flavored Swisher Sweets cigars remained in every deli and gas station across the country. They became the upscale boutique side of the business with its premium, infused cigars. This formed the perfect match. Swisher International’s size allowed Drew Estate to grow its capital while scaling economies across many functions. Additionally, the union also granted better access to distribution as well as advanced cigar-making technology.

A Word from the Founder

Jonathan Drew, the founder of Drew Estate, is an icon among the “new wave” of cigar makers. He remains firmly involved in the day-to-day operations of all the Drew Estate lines. When asked about his vision for the future and his favorite smokes, he responded, “We set out to create the ‘rebirth of cigars,’ which we did in our own fashion. I have the luxury of lighting up an ultra-premium Liga Privada ‘Year of the Rat,’ or my current obsession, which is the Pappy Van Winkle Barrel infused line. Drew Estate makes everything with the same attention to quality or detail. We wanted to make sure that the true aficionados relaxing in cigar lounges would have options that satisfied all palates.”

Jonathan Drew remarks, via Jack Heyer, Drew Estate Director of Social Media December 2020

Photo Credit: @jonathandrewart/Twitter