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David Stockman

Wanted: One-Handed Economists

Charles Kolb | Posted 06.15.2016 | Politics
Charles Kolb

The current state of the U.S. and global economies is unclear. Wherever you look, the data and trends suggest uncertainty. Will the Federal Reserve raise interest rates next month? Will economic growth ever again exceed 2 percent? Is the stock market overvalued and on the verge of another major dip?

Leading Indicator?

Charles Kolb | Posted 12.28.2016 | Politics
Charles Kolb

In 1979, as a law clerk to a Federal district court judge in Baltimore, I earned a whopping annual salary of $17,500. For a newly minted law-school graduate, the compensation was well below the starting salary at major law firms, but I was nonetheless able to live reasonably well and, memorably, launched a wine collection that year by purchasing a bottle of 1973 Chateau Petrus.

Who Is Most Scared of Inequality?

Harlan Green | Posted 08.13.2016 | Business
Harlan Green

It wasn't until the Reagan tax cuts that we stopped investing in those important elements that made US the superpower, and a middle class with the highest standard of living in the developed world.

Enslavement of the Middle Class

Harlan Green | Posted 04.26.2015 | Business
Harlan Green

It is the ideology of austerity that has prevailed in the U.S. at least since the 1980s, and Paul Krugman says is putting Europe into its Second Great Depression.

CNBC's Jim Cramer: Make Money, Don't Moralize

Timothy J. Barnett | Posted 02.21.2015 | Politics
Timothy J. Barnett

Once a nation turns its back on a resolute determination to cultivate moral deservedness, political and financial superintendency passes to those who gain power illegitimately--a fact described eloquently by President Theodore Roosevelt.

Of Marxists, Mouthpieces and Men of the Cloth

Patricia McGuire | Posted 02.08.2014 | DC
Patricia McGuire

The pope is hardly alone in criticizing trickle-down economics. David Stockman, one of the architects of Reaganomics, was no pinko commie when he expressed grave second thoughts about supply-side economics. At least Francis did not use the horse manure analogy of John Kenneth Galbraith.

The Phony Market Correction "Debate"

Dan Solin | Posted 01.25.2014 | Business
Dan Solin

If your timing is off, it may also cause you to fall short of market returns. This is not a responsible or an intelligent way to invest.

August 15, 1971

Charles Kolb | Posted 01.23.2014 | Business
Charles Kolb

What happened on that late-summer day? It was a Sunday, and President Richard Nixon suspended convertability of the US dollar into gold, effectively ending the 25-year Bretton Woods era of fixed currency exchange rates against the US dollar.

Why Is a Gazillionaire Like David Stockman the Smartest -- And Angriest -- Guy in the Room?

Michael Levin | Posted 07.28.2013 | Books
Michael Levin

The self-confessed smartest guy in the room has written a compelling, intensely readable book that exhumes aspects of economic history that both Democrats and Republicans likely wish would have stayed hidden.

Why Paul Krugman Is Wrong

Charles Kolb | Posted 07.10.2013 | Business
Charles Kolb

Professor Krugman keeps fighting a straw-man argument. The real issue isn't a choice between stimulus and austerity. After all, we've had nearly five years of quite remarkable monetary and fiscal policy stimulus.

Ben Bernanke vs. Fed Bashers: History Will Be the Judge

David Paul | Posted 06.08.2013 | Business
David Paul

When former Reagan OMB Director David Stockman charged Ben Bernanke with "exploding the Fed balance sheet" in his recent New York Times op-ed piece a...

Advice to Jeff Zucker

Reese Schonfeld | Posted 06.10.2013 | Media
Reese Schonfeld

This morning's Washington Post provides the best reporting yet on the new CNN and Jeff Zucker's intentions. It's good reporting, but it fails to consider CNN's early years and early strategy. I created CNN as the antithesis of the then three major networks.

David Stockman's Crony Capitalism

Harlan Green | Posted 06.09.2013 | Business
Harlan Green

David Stockman's New York Times 'rant' glorifies the gold standard and denigrates government for standing in the way of putting "free markets and genuine wealth creation back into capitalism." In fact, Stockman would return us to an earlier era of crony capitalism.

Crackpot Realism and the Education of David Stockman

Michael S. Lofgren | Posted 06.07.2013 | Politics
Michael S. Lofgren

The cultural hegemony of the moneyed classes enables them to use the mass media and elite institutions as a transmission belt for these economic ideas.

WATCH: Krugman, Ex-Reagan Adviser Spar Over Fed Policy

Posted 04.08.2013 | Business

Paul Krugman and David Stockman battled it out Sunday morning during an appearance on “This Week with George Stephanopoulos.” Though there was ...

David Stockman and Jeffrey Sachs: Smart Men From Whose Failures We Have Much to Learn

David Paul | Posted 06.06.2013 | Politics
David Paul

The deep pain and tragedy of unintended consequences are experiences that Stockman and Sachs share, and that they each carry with them to this day. We need them to write about that, because that is where they have the greatest insight to offer, and the side of their stories that people most need to understand.

Mark Gongloff

The 4 Dumbest Things In Former Budget Director's Controversial Book | Mark Gongloff | Posted 04.03.2013 | Business

Former Reagan budget director David Stockman is out with a new book, "The Great Deformation," that says we will soon be pushing our few meager belongi...

It Wasn't David Stockman Who Wrecked the Economy

Robert Scheer | Posted 06.01.2013 | Politics
Robert Scheer

Why is David Stockman driving everyone crazy? The shoot-the-messenger frenzy that has greeted Sunday's New York Times op-ed by Ronald Reagan's former budget director leaves one searching for the message that has so unhinged his critics.

Two Former U.S. Budget Chiefs Issue Warning For U.S. Economy

Reuters | Posted 06.02.2013 | Business

* Stockman, former chief for Reagan, says deficit requires harsh action * Orszag, former chief for Obama, says gradual fiscal fix lim...

Ex-Reagan Adviser: Bush's Policies Bankrupt The Country

Posted 04.01.2013 | Business

A former adviser of Ronald Reagan has some choice words for George W. Bush. David Stockman, Reagan’s budget director from 1981 to 1985, slammed ...

The Republican Party Should Have Zero Credibility on Deficits

Jonathan Weiler | Posted 01.30.2013 | Politics
Jonathan Weiler

Boehner claims that the Democrats proposal is not serious and is a bad-faith offer. Coming from him, that's rich. We have a three-decades long record to prove definitively that Republicans are themselves unserious about deficits.

Ex-Reagan Budget Director: 'Mitt Romney Was Not A Businessman'

Posted 10.17.2012 | Business

That Mitt Romney had a successful tenure as CEO of Bain Capital doesn’t mean he’ll be able to turn the economy around, according to an ex-Reagan b...

Former Reagan Official Levels Harsh Charge At Romney's Bain Experience

The Daily Beast | Posted 10.15.2012 | Politics

Bain Capital is a product of the Great Deformation. It has garnered fabulous winnings through leveraged speculation in financial markets that have bee...

Ryan's Rise Shows How Far the GOP Has Fallen

David Paul | Posted 10.19.2012 | Politics
David Paul

David Stockman was the Paul Ryan of the Reagan era, and the similarities are uncanny. The central question facing the Reagan Revolution was whether Reagan could cut taxes, increase defense spending and balance the budget, all at once.

Ex-Reagan Budget Director: Ryan Budget 'Is Devoid Of Credible Math Or Hard Policy Choices'

Posted 08.14.2012 | Business

Even conservatives are bashing Paul Ryan’s budget. David Stockman, a former budget director under President Ronald Reagan, derided the budget pl...