David Stockman
Great Deformation
- ISBN 13:
- 9781610395236
- author:
- David Stockman
- format:
- Paperback
- publisher:
- PublicAffairs
- language:
- English
- Publication Year:
- 2014
- Pages:
- 768
- Dimensions:
- 23.1 x 15.5 x 5.3 cm
- Genre:
- Business, Finance & Law, Biographies & Histories, Business & Economic History
- Condition:
- New
- Availability:
- Item usually sent within 10 working days
Description
The Great Deformation: A Searing Look at America's Financial Crisis David Stockman's searing critique of Washington's response to financial crises and fiscal cliffs offers a revisionist history of how the American state has fallen prey to crony capitalism. The author argues that the Federal Reserve's monetary central planning and financial bailouts have left the public sector on the edge of political dysfunction and fiscal collapse. Stockman identifies a range of individuals who have contributed to this crisis, including politicians and Fed chairmen who have prioritised speculation over sound money and fiscal rectitude. In contrast, he highlights statesmen who championed balanced budgets and financial market discipline, such as Carter Glass, Harry Truman, Dwight Eisenhower, Bill Simon, Paul Volcker, Bill Clinton, and Sheila Bair. This book provides a catalogue of the corrupting influences that have shaped America's economic policy, challenging conventional wisdom and offering a provocative analysis of the country's financial predicament.
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