David Stockman Audio Interview with Michael Covel
from Michael Covel Michael Covel speaks with David Stockman on today’s podcast. Those that follow business and politics in the United States will recognize his name. Stockman has been a businessman, a Congressman, and Director of the Office of Management and Budget under President Ronald Reagan. Two things caught Covel’s attention: Stockman’s book, The Great Deformation: The Corruption of Capitalism in America, and his comments about President Woodrow Wilson. Covel explains. Covel and Stockman discuss his Woodrow Wilson piece; how Wilson brought the US into World War I and how the pain of the 1930’s and the pivot point of the 20th century was connected; why the ATM’s going dark in 2008 wasn’t a true possibility; zero interest rate policy and how we’re forcing people to spend down principal; and how the Fed can generate massive bubbles. David Stockman’s Contra Corner can be found at davidstockmanscontracorner.com. The Great Deformation is available on Amazon.com. Want a free trend following DVD? Go to trendfollowing.com/win.