David Stockman takes U.S. on libertarian trip to woodshed - Morning Call - Clive Crook, Bloomberg View columnist:
April 5, 2013 - "David Stockman first came to prominence as Ronald Reagan's publicity-prone director of the Office of Management and Budget in the early 1980s. In the decades since he was fired from that job, his career in the leveraged-buyout business has been of no great distinction except that it included an indictment for fraud. (The charges were dropped and he paid $7.2 million to settle a civil case brought by the Securities and Exchange Commission.) Now here we are discussing his new book on the corruption of American capitalism, The Great Deformation....
"Stockman has a reputation, acquired during that spell at the OMB, for speaking truth to power. That's rare enough in Washington to leave a lasting impression. He's unusually smart. His judgments of people he disagrees with, a group which includes almost everybody, range from memorably blunt to gratuitously offensive. That works, too. The main thing, though, might be the trait that has defined him all along and which is stamped all through "The Great Deformation": Stockman is a man who loves a theory....
"The new book is as full a statement as you could wish of where that strong theory now stands. It turns out to be Ron Paul libertarianism, give or take. Stockman is both impressive and infuriating in just the same way as Paul. He makes valid criticisms of many policies, but his ideas form a sealed intellectual system. Everything depends on everything else. Things can't be improved here and there. Suggesting palliatives is missing the point — the entire body politic is sick and has to go."
Read more: http://articles.mcall.com/2013-04-05/opinion/mc-david-stockman-crook-stockman-column-20130405_1_david-stockman-new-book-omb
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April 5, 2013 - "David Stockman first came to prominence as Ronald Reagan's publicity-prone director of the Office of Management and Budget in the early 1980s. In the decades since he was fired from that job, his career in the leveraged-buyout business has been of no great distinction except that it included an indictment for fraud. (The charges were dropped and he paid $7.2 million to settle a civil case brought by the Securities and Exchange Commission.) Now here we are discussing his new book on the corruption of American capitalism, The Great Deformation....
"Stockman has a reputation, acquired during that spell at the OMB, for speaking truth to power. That's rare enough in Washington to leave a lasting impression. He's unusually smart. His judgments of people he disagrees with, a group which includes almost everybody, range from memorably blunt to gratuitously offensive. That works, too. The main thing, though, might be the trait that has defined him all along and which is stamped all through "The Great Deformation": Stockman is a man who loves a theory....
"The new book is as full a statement as you could wish of where that strong theory now stands. It turns out to be Ron Paul libertarianism, give or take. Stockman is both impressive and infuriating in just the same way as Paul. He makes valid criticisms of many policies, but his ideas form a sealed intellectual system. Everything depends on everything else. Things can't be improved here and there. Suggesting palliatives is missing the point — the entire body politic is sick and has to go."
Read more: http://articles.mcall.com/2013-04-05/opinion/mc-david-stockman-crook-stockman-column-20130405_1_david-stockman-new-book-omb
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