We're Not One of Them. We're One of You.

At the Libertarian Institute, we feature independent intellectuals who strive to understand our world and communicate that understanding to you. We don’t work for Lockheed or K Street or Qatar. We work for you. Support the Libertarian Institute Today!

$1,440 of $60,000 raised

3/23/20 David Stockman on the Mother of all Financial Bubbles

3/23/20 David Stockman on the Mother of all Financial Bubbles

Scott talks to David Stockman about the fate of the economy after the coronavirus-induced shutdown and the multi-trillion dollar bailouts being undertaken by the U.S. government. Stockman is much more concerned about the economic ramifications than about the virus itself, and not because businesses are being forced to close for a few weeks, but primarily because we’ve been living under a crony capitalist regime of corporate welfare and unsound money for decades on end. The only solution any of the central planners understand, he explains, is to pump more money into the financial markets, which provides the illusion of short term relief at the expense of real long term damage. The current stimulus will only inflate asset bubbles even further and eventually bring about an even worse crash. All of this, of course, will be blamed on free market capitalism, which is the system most people think we have. Such a backlash is likely to lead to even greater socialization of our government and economy.

Discussed on the show:

David Stockman is the ultimate Washington insider turned iconoclast. He began his career in Washington as a young man and quickly rose through the ranks of the Republican Party to become 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 is the author of Trumped!, The Triumph of Politics, and his history of the financial crisis, The Great Deformation: The Corruption of Capitalism in America.

This episode of the Scott Horton Show is sponsored by: NoDev NoOps NoIT, by Hussein Badakhchani; The War State, by Mike Swanson; WallStreetWindow.com; Tom Woods’ Liberty Classroom; ExpandDesigns.com/Scott; Listen and Think Audio; TheBumperSticker.com; and LibertyStickers.com.

Donate to the show through Patreon, PayPal, or Bitcoin: 1KGye7S3pk7XXJT6TzrbFephGDbdhYznTa.

https://www.youtube.com/watch?v=s3Yn3WjzcGs

Scott Horton

Scott Horton

Scott Horton is director of the Libertarian Institute, editorial director of Antiwar.com, host of Antiwar Radio on Pacifica, 90.7 FM KPFK in Los Angeles, California and podcasts the Scott Horton Show from ScottHorton.org. He is the author of four books. He has conducted more than 6,000 interviews since 2003. Scott lives in Austin, Texas with his wife, Larisa Alexandrovna Horton.

View all posts

Our Books

Shop books published by the Libertarian Institute.

libetarian institute longsleeve shirt

Our Books

15 books

Recent Articles

Recent

1/31/25 Kyle Anzalone on Gaza, the West Bank and Syria

 Download Episode. Scott interviews Kyle Anzalone about what’s happening in Gaza, Jenin, southern Syria and Damascus. They start with Gaza, where eighty Palestinians have been killed since the ceasefire came into effect. Anzalone then gives a rundown of what Israel...

read more

Pin It on Pinterest

Share This