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The Cult of The Dow & The Folly Of GDP Calamity-Howling, Part 1

Summary:
The level of hysteria in Washington today has probably not been exceeded in America since the Salem witch trials of 1692. Nor has the level of pillage been matched since the Visigoths sacked Rome in A.D. 410. As to the latter, how else would you describe an emerging bipartisan fiscal bailout that is sure to […]

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The level of hysteria in Washington today has probably not been exceeded in America since the Salem witch trials of 1692. Nor has the level of pillage been matched since the Visigoths sacked Rome in A.D. 410. As to the latter, how else would you describe an emerging bipartisan fiscal bailout that is sure to […]
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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