Trump's War on Capitalism

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About the Author
David A. Stockman is the ultimate Washington insider, starting a career in Washington in 1970, when he served as a special assistant to US Representative, John Anderson of Illinois. In the early seventies he was executive director of the US House of Representatives Republican Conference and was elected as a Michigan congressman in 1976 before joining the Reagan White House in 1981. Serving as budget director, he was one of the key architects of the Reagan Revolution plan to reduce taxes, cut spending, and shrink the role of government. He joined Salomon Brothers in 1985 and later became one of the early partners of the Blackstone Group.

The author of The Triumph of Politics, Stockman has numerous New York Times bestsellers under his belt. Born in Ft. Hood, Texas, he attended Michigan State University and Harvard Divinity School and then went to Washington as a congressional aide in 1970. He lives with his wife Jennifer Blei Stockman, and they have two daughters, Rachel and Victoria. He lives & works in New York City and Miami.
"Stockman has become one of the nation's most steadfast and eloquent crusaders against the corrupt merger of state and corporate power." --Robert F. Kennedy Jr.

"David Stockman is one of the most astute observers of the tragic and unnecessary implosion of our economy, monetary system, and society in general." -Ron Paul, Host of Ron Paul Liberty Report

"Stockman . . . points to the only way out: sound money, open markets, and a restoration of fiscal sanity."--Jeffrey Tucker, Founder, Brownstone Institute

"With price inflation upon us with a vengeance, David Stockman is here to reveal who did it [and] how dangerous it could get."--Thomas E. Woods, Jr., New York Times Bestselling Author


"To learn what's really behind inflation listen to David Stockman." --DICK MORRIS, New York Times Bestselling Author of THE RETURN

"With price inflation upon us with a vengeance, David Stockman is here to reveal who did it, how dangerous it could get, and what you should do to protect yourself." --THOMAS E. WOODS, JR., New York Times Bestselling Author

"Stockman . . . points to the only way out: sound money, open markets, and a restoration of fiscal sanity. Civilization ignores this book at its peril." --JEFFREY TUCKER, Founder, Brownstone Institute

"Stockman has masterfully diagnosed the cancer that the Federal Reserve has embedded in our financial markets, which have become, as Stockman artfully writes, 'a coiled spring of irrational exuberance and momentum chasing.' Couldn't have said it better myself." --WILLIAM D. COHAN, Former Wall Street Banker and New York Times Bestselling Author of House of Cards and Power Failure

"David Stockman is one of the most astute observers of the tragic and unnecessary implosion of our economy, monetary system, and society in general. I urge everyone to read this important new book." --RON PAUL, Host of Ron Paul Liberty Report

"Read this book if you want to protect yourself from inflation, get the inside story on stock market manipulations, the liquidity crises and so-called 'monetarism.'" --WALTER BLOCK, Harold E. Wirth Eminent Scholar Chair in Economics in the College of Business at Loyola University

"How politics mixes with central bank and the financial sector to provide a toxic brew of bad money, bad policy, and a fragile economy teetering on the edge of economic disaster." --RYAN McMAKEN, Senior Editor, Mises Institute
Praise for New York Times Bestseller The Great Deformation: The Corruption of Capitalism in America by David A. Stockman "His rhetoric in a recent New York Times op-ed piece ignites like Seal Team Six coming at you, flash grenades exploding, assault weapons blazing. No wonder he triggers wild angry, hatred and revenge. Yes, he's a truth-teller. And truth hurts, flushing out his enemies. Why? They're sucking trillions from Americans. So you hate him. Counterattack. Big mistake. Don't dismiss David Stockman. He's no Kim Jong-Un blow-hard." -- Washington Post

"Stockman devotes some of the book to the past five years, joining multiple previous authors who have presented their nominations for the villains and heroes of the 2008 economic collapse. As a book critic and investigative reporter, I have absorbed a dozen of those previous books. Stockman's is my favorite because of his original research, the context he presents (starting with the economic depression of the 1930s), his former insider status, and his apparent political non-partisanship during the endeavor." -- Steve Weinberg, USA Today

"I'd read this book 10 times before I read another possible presidential candidate's memoir of how his Real American Story schooled him in the Audacity of Hope. ...a coherent vision of a World Without the Fed." -- David Weigel, Slate

"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." -- Paul B. Farrell, MarketWatch

"This thought-provoking book will contribute to important debates on these issues." -- Booklist

"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." -- Kirkus Reviews

"Stockman produces a persuasive and deeply relevant indictment of a system dangerously akilter.... What Stockman has written is a book that makes clear we are that future generation of the past, inheritors of all the wishful thinking, simple illogic and flawed compromises that produced the near-term benefits our parents and grandparents worried about but ultimately wanted. And now it's payback time." --
"This is a history book. It's a detailed account of the key events since the Depression that have shaped modern finance. I love history, and I'm familiar with those events. Stockman's spin on financial history makes for a very good read. There's something for everyone." -- Bruce Krasting

"For anyone whose economics are Austrian, and who agrees with Stockman that crony capitalism and corruption have led both fiscal and monetary policies into a cycle of ever-increasing stimulus and ziggurats of debt, The Great Deformation is gloomily persuasive - and bodes ill for the future." -- Reuters Breakingviews

"Agree with Stockman or not, one can't deny that he's a colorful writer!" --

"Stockman, veteran of the Reagan White House and Wall Street, offers his self-described polemic, a wide-ranging indictment of the American government-economic complex; free markets and democracy have been under long-term attack, and the author explains why we have myriad problems, perhaps intractable. He indicates the book "contains much original interpretation of financial and public policy events and trends of the last century, even a revisionist framework." Stockman concludes his lengthy controversial argument with: "the cure . . . is to return to sound money and fiscal rectitude and to correct the great error initiated during the New Deal . . . . In pursuing humanitarian purposes the state cannot and need not attempt to manage the business cycle or goose the free market with stimulants for more growth and jobs; nor can it afford the universal entitlements of social insurance. Its job is to be a trustee for citizens left behind, maintaining a sturdy, fair and efficient safety net." This thought-provoking book will contribute to important debates on these issues." --Mary Whaley, Booklist
Praise for New York Times BestsellerThe Triumph of Politics: Why the Reagan Revolution Failed by David A. Stockman
"This memoir is a bitter review of Stockman's years in the Reagan Administration. It is a book with few heroes and many fools. The author claims naivete as his excuse. Although the narrative is somewhat confusing, overall, its backstage view of policymaking leaves one discouraged, even frightened by the superficiality. The book is a necessary library purchase for two reasons: the notoriety of the book and its author, and the insider's view of key policies still in place and key personalities still in power." -- Richard C. Schiming, Library Journal