Q&A
David Stockman
2013-05-05T20:00:31-04:00https://ximage.c-spanvideo.org/eyJidWNrZXQiOiJwaWN0dXJlcy5jLXNwYW52aWRlby5vcmciLCJrZXkiOiJGaWxlc1wvYTIzXC8yMDEzMDUwNTIwMTAwMTAwMV9oZC5qcGciLCJlZGl0cyI6eyJyZXNpemUiOnsiZml0IjoiY292ZXIiLCJoZWlnaHQiOjUwNn19fQ==David Stockman talked about his new book, The Great Deformation: The Corruption of Capitalism in America, in which he suggested that Wall Street and the Federal Reserve had joined forces to harm the economy, punish savers, and fuel new financial bubbles that will soon burst. He said federal budget control had been surrendered to lobbyists, PACS, and special interests that block legitimate attempts to implement real spending cuts. In this interview he described his early days in Congress and his appointment to be Ronald Reagan’s director of the Office of Management and Budget at age 34. He explained the Gallery of Economic Heroes and Villains he compiled dating back to the beginning of the 20th century and how each one has improved or harmed the economy. He said he began writing the book because he was outraged in 2008 when the TARP bailout was approved, calling it a total betrayal of everything free market conservatives had been trying to do since the Great Depression.
David Stockman talked about his new book, The Great Deformation: The Corruption of Capitalism in America, in which he suggested that Wall St…
read more
David Stockman talked about his new book, The Great Deformation: The Corruption of Capitalism in America, in which he suggested that Wall Street and the Federal Reserve had joined forces to harm the economy, punish savers, and fuel new financial bubbles that will soon burst. He said federal budget control had been surrendered to lobbyists, PACS, and special interests that block legitimate attempts to implement real spending cuts. In this interview he described his early days in Congress and his appointment to be Ronald Reagan’s director of the Office of Management and Budget at age 34. He explained the Gallery of Economic Heroes and Villains he compiled dating back to the beginning of the 20th century and how each one has improved or harmed the economy. He said he began writing the book because he was outraged in 2008 when the TARP bailout was approved, calling it a total betrayal of everything free market conservatives had been trying to do since the Great Depression. close
David Stockman talked about his new book, The Great Deformation: The Corruption of Capitalism in America, in which he suggested that Wall St… read more
David Stockman talked about his new book, The Great Deformation: The Corruption of Capitalism in America, in which he suggested that Wall Street and the Federal Reserve had joined forces to harm the economy, punish savers, and fuel new financial bubbles that will soon burst. He said federal budget control had been surrendered to lobbyists, PACS, and special interests that block legitimate attempts to implement real spending cuts. In this interview he described his early days in Congress and his appointment to be Ronald Reagan’s director of the Office of Management and Budget at age 34. He explained the Gallery of Economic Heroes and Villains he compiled dating back to the beginning of the 20th century and how each one has improved or harmed the economy. He said he began writing the book because he was outraged in 2008 when the TARP bailout was approved, calling it a total betrayal of everything free market conservatives had been trying to do since the Great Depression. close
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Books
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The Great Deformation