Ben Bernanke’s Blog

Henry Kravis makes $57,000 PER HOUR. You should work harder.

By Ben Bernanke

Bio & Blog

Here at the Federal Reserve, we take dozens of interns a year. They’re mostly rich overachievers from Connecticut with little soul and a ton of guilt. So, you can imagine how unsurprised I was when one of those pipsqueaks sent me this video bashing private equity, titled “Henry Kravis makes $57,000 PER HOUR. You pay more taxes.”:

I made that intern assemble this table to take his mind off such metaphysical inquiries.

Now it seems everyone is a self-appointed YouTube firm critic. Dan Primack criticizes the firm for not addressing serious issues with private equity. Andrew Ross Sorkin reminds me of my intern and thinks it’s a noteworthy story. Bess Levin just wants to be Henry Kravis. Good for Bess. I’m no Randian Greenspan, but those teachers need to work harder if they want to earn $450 million a year. To the language teacher in the video, I suggest she move to another country and teach English — it’ll be easier to earn the equivalent of $57,000 US dollars per hour in another currency.

12/7/2007 12:37 PM, Washington DC
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