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View Diary: David Stockman: “get out of the markets and hide out in cash” Corruption Of Capitalism (122 comments)

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  •  Stockman has always been wrong (11+ / 0-)

    why should he be right now?  He was NOT "coerced" into supply side thinking, he led the charge.  I was in the government when Reagan was elected, and Stockman used his position as a Congressman, up until the inauguration, to force CBO to develop his budget numbers all of which were based on Norquists' "drown the govt' in a bathtub" philosophy - his mistake was that he thought Reagan could undo in one term what Democratic administrations had spent 45 years building - Social Security, Medicare, higher education opportunities, etc.  

    I am mystified as to why this diary is on the rec list - this guy was a confidence man in 1981, why do you think more highly of him now?  Read Krugman's analysis linked above - the  gold standard?  seriously?

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