Latest posts by Steve Stanek (see all)
- Don’t Expect Big Changes to Come from the Republicans’ Big Wins - November 5, 2014
- Fear the Day Government’s Great Fiction Lies Exposed - October 26, 2014
- Abusive Tax Policies Are to Blame for Corporations Going Overseas - October 18, 2014
David Stockman, who served as President Ronald Reagan’s first budget director, has written something either very right or very wrong, based on the scorn he has been receiving from people on both the political Left and Right.
Either way, it’s great listening as he joins Fox Business Network host Neil Cavuto to discuss his newest book, “The Great Deformation,” which chews up and spits out nearly every economic sacred cow that believers in welfare and warfare statism continue to feed. Among other things, he declares if the Federal Reserve were to “go fishing” for six weeks and stop its bond buying during that time, “there would be calamity in the markets.” It was his way of arguing government fiscal and monetary policies have manipulated and distorted the economy in ways that can end only badly.