Paul A. Volcker Accepts Foreign Policy Association Medal of Honor

Accepting the Foreign Policy Association’s Medal of Honor, Alliance chairman Paul A. Volcker spoke on democracy, the political process, and the public’s fixation on government’s size instead of its effectiveness. "We engage in endless debate about the size of our government and just what its policies should be. At the same time, we pay hardly any attention to the essential need for the effective, economical and honest execution of those policies that we do adopt." Watch or read the full speech below.