At the Conference on Small Business and Entrepreneurship during an Economic Recovery, Federal Reserve Board, Washington, DC Carl J. Schramm, President and CEO, Ewing Marion Kauffman Foundation November 9, 2011 (Applause) CARL SCHRAMM: Thank you Bob, and it is certainly a pleasure to be back here in Washington, particularly since I got here from Korea, and it’s nice to have a Federal Reserve lunch, something without rice. Um, anyway. Well, already you can see I’m sort of smiling, happy to talk, and I have to remind myself I’m in Washington. This is not a city of humor. This is actually America’s least fun city. Look at the buildings. I was just looking out the window here. There’s the State Department, looks as if it was designed by Mussolini, and in fact, even the Federal Reserve Board itself across the street looks like a very somber palace. My very first encounter in Washington was next door at the National Academy of Sciences where I had once upon a time as a young professor bamboozled a competition committee and became a post-doctoral fellow at the National Academy, and it was there I heard my first of three Washington jokes I’d ever heard in my entire life in this city, and I thought I’d tell them to lighten up the crowd here. So, it turns out the customs inspector of the Port of New York had died and he had an urgent request for the President, President Roosevelt, er President Wilson. So he called the White House, it was a much smaller city in those days, and

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