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Hand-To-Mouth Economics

Summary:
We remain old-fashioned enough to believe that an economy needs to produce stuff to remain prosperous and balanced—-whether it be cars, toasters, frozen pizzas, fracked oil, new houses or electrical current. So today’s release on October industrial production is worth pondering. In the first place, throughout the vaunted longest recovery in history after the Great […]

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We remain old-fashioned enough to believe that an economy needs to produce stuff to remain prosperous and balanced—-whether it be cars, toasters, frozen pizzas, fracked oil, new houses or electrical current. So today’s release on October industrial production is worth pondering. In the first place, throughout the vaunted longest recovery in history after the Great […]
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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