David Stockman

Janet Yellen Powell Puts On Some Pants And A Tie

by David Stockman | Nov 4, 2017 | Featured Articles, Foreign Policy

It can't get any worse than this. Jerome Powell is a Wall Street-coddling Keynesian and Washington lifer who passes for a Janet Yellen replica---that is, save for his tie and trousers and his as yet underdeveloped capacity to whine pedantically. During his years on the Fed since May 2012, Powell has voted approximately 44 times to drastically falsify interest rates and to recklessly and fraudulently monetize trillions of the public debt. That is, Powell has been all-in for a destructive central banking regime that is literally asphyxiating capitalist prosperity in America. We will get to the...

Trump Joins the War Against Assad

by David Stockman | Apr 13, 2017 | Featured Articles, Foreign Policy

The Donald's missile "attack" on Syria's al-Shairat air base is surely the most impetuous, thoughtless, reckless and stupid act from the Oval Office that we can remember — and that covers 50 years at least. And we put "attack" in quotes because it's now evident that virtually every one of those $1.4 million per copy Tomahawks amounted to a big fat nothing-burger. To wit, 36 of the 59 missile were duds and landed somewhere that was not the al-Shairat air base, including a nearby village where apparently a number of civilians were killed. The 23 that did hit the base actually missed the main...

Keynesian Myths, Monetary Central Planning and The Triumph of The Warfare State – Part 1

by David Stockman | Nov 6, 2016 | Economics, Featured Articles, Foreign Policy

Remarks by David Stockman To The Committee For The Republic, Washington DC, February 2014 Flask in hand, Boris Yelstin famously mounted a tank outside the Soviet Parliament in August 1991. Presently, the fearsome Red Army stood down---an outcome which 45 years of Cold War military mobilization by the West had failed to accomplish. At the time, the U.S. Warfare State’s budget--- counting the pentagon, spy agencies, DOE weapons, foreign aid, homeland security and veterans----was about $500 billion in today’s dollars. Now, a quarter century on from the Cold War’s end, that same metric stands...

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David Stockman was a two-term Congressman from Michigan. He was also the Director of the Office of Management and Budget under President Ronald Reagan. After leaving the White House, Stockman had a 20-year career on Wall Street. He’s the author of three books, The Triumph of Politics: Why the Reagan Revolution Failed, The Great Deformation: The Corruption of Capitalism in America and TRUMPED! A Nation on the Brink of Ruin… And How to Bring It Back. He also is founder of David Stockman’s Contra Corner and David Stockman’s Bubble Finance Trader.