"Who's minding the store?"
Economics, Government
Paul Volcker & Ray Dalio | State of the US Economy & Government

Paul Adolph Volcker Jr.
12th Chairman of the Federal Reserve

"There are 2 million civilian federal employees, which is exactly the same amount we had back in the Kennedy administration, which is 80 years ago. So you ask: how is the government operating, with the same number of people?"

(because in those 80 years the United States population went from 180mm to 330mm)

"There's an awful lot of outsourcing. Who's minding the store?"


United States of America
February 2019
Principles by Ray Dalio
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Created on 2022-10-03 at 03:11 and last updated on 2022-10-03 at 03:20.