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David Stockman: Against Crony Capitalism, Part 1

David Stockman on Mises Weekends

Tags Big GovernmentBooms and BustsFinancial MarketsU.S. Economy

05/01/2015David StockmanJeff Deist

David Stockman is our guest this week in the first of a two-part interview. He is also speaking at our Mises Circle event in Stamford, Connecticut, next week, along with Jim Grant and Judge Andrew Napolitano (watch for free at Stockman was a congressman, Ronald Reagan’s budget director, and a private equity fund manager who saw the devastation brought to American companies by an economy built on cheap debt instead of real productivity. His book The Great Deformation is a tour de force exposé of crony capitalism, an indictment of Treasury Department and Federal Reserve bailouts following the crash of 2008, and one of the most important books on crony capitalism ever written. His Contra Corner website is a daily must-read for anyone interested in the truth about our rigged economy.

Note: The views expressed on are not necessarily those of the Mises Institute.

David Stockman

David Stockman was director of the Office of Management and Budget under President Ronald Reagan, serving from 1981 until August 1985. He was the youngest cabinet member in the 20th century.

Contact Jeff Deist

Jeff Deist is former president of the Mises Institute. He is a writer, public speaker, and advocate for property, markets, and civil society. Jeff was chief of staff to Congressman Ron Paul. Contact: email; Twitter.