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When The Old Time Fiscal Religion Vanished—Then Came Jamie Dimon’s Dopey Drivel

Summary:
In January 1971, Richard Nixon famously told TV journalist Howard K. Smith that “we are all Keynesians now.” But he actually said it off-stage as a throwaway quip, not in a public context where it could be construed as official policy. That’s not surprising given that the Republican Party and the business community had not […]

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In January 1971, Richard Nixon famously told TV journalist Howard K. Smith that “we are all Keynesians now.” But he actually said it off-stage as a throwaway quip, not in a public context where it could be construed as official policy. That’s not surprising given that the Republican Party and the business community had not […]
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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