Carl Schramm

From Zanecorpwiki

From Charlie Rose S18 Episode 101, about 27 minutes in: Charlie asks about Voelker's comment that we have to many smart kids going into finance and playing at financial masturbation that makes them a lot of money but doesn't do anyone else a lot of good, and often does a lot of harm (well, that phrasing is my own) Schramm response:

"It is a problem, and I’d go Mr. Volcker one further. I think many too many of our smartest kids are being encouraged to take roles in the government. You know, the government doesn’t create wealth, and smart kids in the government create rules, and over time those rules, in fact, inhibit lots of startup businesses.

And if we could get fewer kids to go to business school and fewer kids to go to public policy schools and loads more kids to go to engineering schools we might achieve that four percent growth rate. That’s where we need our talent."