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| Document Type: | Book |
|---|---|
| All Authors / Contributors: |
David Alan Stockman |
| ISBN: | 9781586489120 1586489127 9781586489137 1586489135 |
| OCLC Number: | 836260040 |
| Description: | xviii, 743 pages ; 25 cm |
| Contents: | The Blackberry Panic of 2008. Paulson's folly : the needless rescue of AIG and Wall Street ; False legends of dark ATMs and failing banks ; Days of crony capitalist plunder -- The Reagan era revisited : false narratives of our times. The Reagan revolution : repudiations and deformations ; Triumph of the warfare state : how the budget battle was lost ; Triumph of the welfare state : how the GOP anti-tax religion was born ; Why the chickens didn't come home to roost : the Nixon abomination of August 1971 -- New Deal legends and the twilight of sound money. New Deal myths of recovery ; The New Deal's true legacy : crony capitalism and fiscal demise ; War finance and the twilight of sound money ; Eisenhower's defense minimum and the last age of fiscal rectitude ; The American empire and the end of sound money ; Milton Friedman's folly : rise of the t-bill standard -- The age of bubble finance. Pork bellies, floating money, and the rise of speculative finance ; Greenspan 2.0 ; Bull market culture and the delusion of quick riches ; Serial bubbles ; The great deformation of capital markets : how Wall Street got huge ; From Washington to Wall Street : roots of the great housing deformation ; How the Fed brought the gambling mania to America's neighborhoods ; The great financial engineering binge ; The great raid on corporate cash ; The rant that shook the Eccles Building : how the Fed got Cramer'd ; When giant LBOs strip-mined the land ; Deals gone wild : rise of the debt zombies ; Bonfires of debt and the road not taken -- Sundown in America : the end of free markets and democracy. Willard M. Romney and the Truman show of bubble finance ; Bonfires of folly : Bernanke's false depression call and the $800 billion Obama stimulus ; Obama's green energy capers : crony capitalist larceny ; The end of free markets : the rampages of crony capitalism in the auto belt ; No recovery on Main Street ; The Bernanke bubble : last gift to the 1 percent ; Sundown in America : the state-wreck ahead ; Another road that could be taken. |
| Responsibility: | DAVID A. STOCKMAN. |
Abstract:
Reviews
Publisher Synopsis
"Kirkus Reviews""Stockman performs a real service when he debunks the myths that have been associated with Reagan's conservatism and promotes Eisenhower's fiscal and military conservatism.... Stockman forcefully conveys enormous amounts of knowledge."<br>"<br>"LewRockwell.com"In "The Great Deformation", David Stockman - former US congressman and budget director under Ronald Reagan - tells the story of the recent crisis, and takes direct aim at the conventional wisdom that credits government policy and Ben Bernanke with rescuing Americans from another Great Depression. In this he has made a seminal contribution. But he does much more than this. He offers a sweeping, revisionist account of US economic history from the New Deal to the present. He refutes widely held myths about the Reagan years and the demise of the Soviet Union. He covers the growth and expansion of the warfare state. He shows precisely how the Fed enriches the powerful and shelters them from free markets. He demonstrates the flimsiness of the present so-called recovery. Above all, he shows that attempts to blame our economic problems on "capitalism" are preposterous, and reveal a complete lack of understanding of how the economy has been deformed over the past several decades...Thanks to "The Great Deformation", not a shred of the regime's propaganda is left standing. This is truly the book we have been waiting for, and we owe David Stockman a great debt."<br><br>"Booklist""This thought-provoking book will contribute to important debates on these issues." Read more...
