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The Mother-Of-All-Puts

Summary:
We learned from the Department of Labor this morning that there are still 20 million workers on the unemployment dole, while household spending on goods in October hit an all-time off-the-charts high, rising 8.5% in real terms from a year ago. But that’s just another measure of the sweeping anomalies that have resulted from an […]

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We learned from the Department of Labor this morning that there are still 20 million workers on the unemployment dole, while household spending on goods in October hit an all-time off-the-charts high, rising 8.5% in real terms from a year ago. But that’s just another measure of the sweeping anomalies that have resulted from an […]
David Stockman
David Alan Stockman (born November 10, 1946) is a former businessman and U.S. politician who served as a Republican U.S. Representative from the state of Michigan (1977–1981) and as the Director of the Office of Management and Budget (1981–1985) under President Ronald Reagan.

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