Volcker headed commissions on civil service reform in 1987 and five years later that produced good reports with recommendations to make hiring/firing easier, get better leadership, and develop a more effective civil service, but these reports had very little impact.

factualpending

Speaker

Paul Volcker

Evidence Quote

I headed a commission on the civil service when I left the Federal Reserve, which was in 1987... We issued a good report. What impact did it have, very little. Five years later, I headed another commission... But what impact did it have? Not enough.

Source

Paul Volcker & Ray Dalio | State of the US Economy & GovernmentPrinciples by Ray Dalio
Created: 8/11/2026, 1:16:44 AM

My Notes

Loading notes...