Monday , September 27 2021
Home / David Stockman /The Birth And Rise Of Washington’s Infernal Inflation Machine, Part 2

The Birth And Rise Of Washington’s Infernal Inflation Machine, Part 2

Summary:
The re-channeling of the Fed’s inflationary money-pumping from main street to Wall Street gave rise to Twin Big Lies. Namely, that the Friedman formula about too much money chasing too few goods was obsolete, and that the soaring paper wealth being generated in asset markets was real, sustainable and a sign of resurgent capitalist prosperity. […]

Topics:
David Stockman considers the following as important:

This could be interesting, too:

David Stockman writes The Great Disconnect Is Coming To A Casino Near You Soon

David Stockman writes Sweden All Causes Excess Deaths

David Stockman writes Bubbles In Plain Sight

David Stockman writes “Worth Celebrating” My Eye!

The re-channeling of the Fed’s inflationary money-pumping from main street to Wall Street gave rise to Twin Big Lies. Namely, that the Friedman formula about too much money chasing too few goods was obsolete, and that the soaring paper wealth being generated in asset markets was real, sustainable and a sign of resurgent capitalist prosperity. […]
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.

Leave a Reply

Your email address will not be published. Required fields are marked *