Many businessmen who enter government as secretaries or undersecretaries initially assume government is inefficient and ineffective, but after 2-3 years discover that there are many talented government workers who can execute effectively, changing their initial perceptions.

factualpending

Speaker

Paul Volcker

Evidence Quote

After two or three years in government say I didn't realize there were so many people in the government that knew what they were doing, and can do it effectively.

Source

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

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