David Stockman Archive

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On more time on Stockman as this is typical of what’s wrong with mainstream thought: The Federal Debt Freight Train Is Coming at Mr. Market By David Stockman Aug 6 — Nominal GDP has been growing at only $4 billion per month, while new Federal debt has been accumulating at around $100 ...Read More

Stockman’s ‘Four Deformations of the Apocalypse’

Four Deformations of the Apocalypse By David Stockman July 31 (NYT) — If there were such a thing as Chapter 11 for politicians, the Republican push to extend the unaffordable Bush tax cuts would amount to a bankruptcy filing. The nation’s public debt — if honestly reckoned to include municipal bonds and ...Read More