AtomicQuote

David Malpass Quote

Politicians are addicted to spending and revenue extraction. As with an addict, there's little pause for moral or legal contemplation.

David Malpass

Politicians are addicted to spending and revenue extraction. As with an addict, there's little pause for moral or legal contemplation.

Tags: moral, pause, little

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About David Malpass

David Robert Malpass (born March 8, 1956) is an American economic analyst and former government official who served as President of the World Bank Group from 2019 to 2023. Malpass previously served as Under Secretary of the Treasury for International Affairs under Donald Trump, Deputy Assistant Treasury Secretary under Ronald Reagan, and Deputy Assistant Secretary of State under George H. W. Bush. He served as Chief Economist at Bear Stearns for the six years preceding its collapse.
During the 2016 U.S. presidential election, Malpass served as an economic advisor to Trump, and in 2017, he was nominated and confirmed as Under Secretary of the Treasury for International Affairs at the Treasury Department. Malpass was elected President of the World Bank on April 4, 2019, having been nominated to the position in February 2019 by the Trump administration. He formally took office on April 9, 2019, and announced in February 2023 that he was leaving the position in June of that year.