Cory Leonard

Volcker Plans to Restore Faith in Government

In politics on June 4, 2013 at 4:45 am

Volcker Plans to Restore Faith in Government - NYTimes.com

 

He has a rule named after him–but it is being ignored.  He battled against inflation, and served as Treasury Secretary David M. Kennedy’s right hand.  He hoped that his descendents would avoid careers on Wall Street.  And now Paul Volcker aims to fix the way government works–all at the ripe age of 87.

Despite well-financed programs at Ivy League universities like Harvard and Princeton and elsewhere, in some academic quarters, “public administration is almost a bad word,” Mr. Volcker said in an interview on Tuesday at his office in Rockefeller Center. Too often, he said, the focus is on theory rather than the nuts and bolts of governance.

“We’re not going to be a think tank,” he said. Initially, “We’re going to be a catalyst, a coordinator, with a couple of senior people, a few junior people and some nonresident fellows.”

via Volcker Plans to Restore Faith in Government – NYTimes.com.

 

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