David Stockman on the Corruption of Capitalism
Monday, April 08, 2013
David Stockman looks at Washington’s response to the recent myriad of financial crises. He argues that the American state—especially the Federal Reserve—has fallen prey to the politics of crony capitalism. In The Great Deformation: The Corruption of Capitalism in America Stockman looks at some of what he calls corruptors and defenders of sound money, fiscal rectitude, and free markets, including Franklin Roosevelt, Richard Nixon, Fed chairmen Greenspan and Bernanke, George W. Bush, and Barack Obama.