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David Stockman

Works Published inThe Free MarketThe AustrianSpeeches and PresentationsMises Daily Article

David Stockman was elected as a Michigan Congressman in 1976 and joined the Reagan White House in 1981.  Serving as budget director, he was one of the key architects of the Reagan Revolution plan to reduce taxes, cut spending and shrink the role of government.  He joined Salomon Brothers in 1985 and later became one of the early partners of The Blackstone Group.  During nearly two decades at Blackstone and at a firm he founded, Heartland Industrial Partners, Stockman was a private equity investor.  Born in Fort Hood, Texas, Stockman graduated from Michigan State University and attended Harvard Divinity School and then went to Washington as a Congressional aide in 1970.

All Works

The Futility of Our Global Monetary Experiment

Global EconomyMoney and BanksMoney and Banking

06/13/2015Mises Daily Articles
The world's central banks have been pouring new money into the financial system, which has produced a dangerous amount of distortion to prices in the market. And what do we have to show for it? Economic growth is anemic, at best.

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David Stockman on his Book and the Bailouts

Corporate WelfareThe FedU.S. EconomyMonetary Theory

09/06/2013Mises Daily Articles
The Fed decides, through a Politburo of planners sitting in Washington, how much liquidity is necessary and what the interest rate should be.

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