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After The Boom Cometh The Bust, Part 1

Summary:
March import prices came in smokin’ hot at 6.9% YoY. What’s important about that cardinal number, however, is not its probable transiency per the daily palaver from the Fed heads, but something far bigger: Namely, that it actually nails the everlasting folly of the entire Keynesian macro-management project. During the past 12 months we have […]

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March import prices came in smokin’ hot at 6.9% YoY. What’s important about that cardinal number, however, is not its probable transiency per the daily palaver from the Fed heads, but something far bigger: Namely, that it actually nails the everlasting folly of the entire Keynesian macro-management project. During the past 12 months we have […]
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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