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David Stockman

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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.

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David Stockman on his Book and the Bailouts

Booms and BustsBusiness Cycles

07/24/2013The Free Market
Greenspan took the Federal Reserve, which for years had been run by far more cautious and conservative men, and turned it into a machine for fine-tuning every aspect of the economy.
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July2013_0.pdf

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Milton Friedman: Freshwater Keynesian

Booms and BustsU.S. HistoryInterventionism

06/27/2013Mises Daily Articles
At the end of the day, Friedman jettisoned the gold standard for a remarkably statist reason.

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Unshackling the Fed

U.S. HistoryMoney and BankingPolitical Theory

06/19/2013Mises Daily Articles
The very idea that the FOMC would function as faithful monetary eunuchs was sheer fantasy.

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Social Security: The New Deal’s Fiscal Ponzi

U.S. HistoryInterventionismOther Schools of Thought

06/10/2013Mises Daily Articles
Social insurance co-opts all potential sources of political opposition, making it inherently a fiscal doomsday machine.

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The New Deal Origins of Fannie Mae and the Government-Housing Complex

Big GovernmentU.S. HistoryInterventionism

05/28/2013Mises Daily Articles
Fannie Mae’s journey started with a filing cabinet containing a few thousand mortgage notes christened as the nation’s “secondary mortgage market.”

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