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?"