Paul Volcker on Good Government, Role of the Fed, etc. (video)

Good interview. Good to see Paul is concerned about the basic nuts and bolts of government (as he says at the end: "everyone agrees we need infrastructure spending, but how do we ensure its spent on actual necessary infrastructure?" We would add: how do we ensure it's spent efficiently on that infrastructure?) Another nice quote : "the Fed is no longer acting as a central bank, its acting as a financial intermediary..."