David A. Stockman became famous as President Ronald Reagan’s budget director in the 1980’s making history as the youngest cabinet member in the 20th century. Before winning his well earned nick name of “Father of Reaganomics” and his reputation of a tough negotiator with House Speaker Tip O´Neill , Stockman was a three time Michigan Congressman and recently wrote
In TRUMPED! A Nation on the Brink of Ruin… And How to Bring It Back, David Stockman brings us an insider-turned-iconoclast’s report on how 30 years of financial and political misrule by the Washington/Wall Street elites have brought the U.S. to the brink of ruin.
He shows that the Fed’s destructive ZIRP and QE policies have buried Flyover America in debt while clobbering it with shrinking real wages and vanishing job opportunities. At the same time, the bicoastal elites have prospered mightily from the massive inflation of financial assets in the Wall Street casino and the debt-fueled expansion of Imperial Washington’s domestic rackets and global interventions.
Source: David A. Stockman