December 9, 2009

TARPmeister Emeritus Neel Kashkari

The Washington Post profiles his recuperation and reminiscences.

Meanwhile, some are atwitter that he took a job with PIMCO. Since he took a grueling job with a big pay cut and an enormous professional risk, at first blush I'm not inclined to fault him for cashing in on his success.

I take the point about a revolving door between government and industry. But there is also such a thing as public service. I take the point about lobbyist influence and regulatory capture. But I don't want policy made exclusively by academics and NGO goo-goos with no private-sector experience.

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