Thursday, October 10, 2013

Crony Capitalism Exposed by David Stockman

David Stockman

David Stockman claims that crony capitalism has transformed Republican treasury secretaries into big-government interventionists and populist Democratic presidents into industry-wrecking internationalists. He questions the assumptions of Keynesians and monetarists alike, arguing that both "liberal" and "neo-conservative" interference in the economy can be damaging and dangerous. Stockman was elected as a Michigan congressman in 1976 and joined the Reagan White House as Director of the Office of Management and Budget in 1981.
Source: Commonwealth Club Radio Program: David Stockman: The Great Deformation (4/11/13)

Next week Vice President Al Gore talks about progress around the world.

Download or Play David Stockman Part 2
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