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Topic: David Stockman

right_vs_left_head_masscots

Thursday, June 12th, 2014

Government Spending Never Stops Increasing

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In The Right vs Left Game Nobody Wins Mandeville, LA – Exclusive Transcript – "I think what is partially responsible here for what seems to be this lack of momentum or lack of enthusiasm is that there was a crop of Tea Party-themed candidates that were sent to Mordor on the Potomac in 2010.  As we have bemoaned over and over and over again, despite a few notable exceptions, they have largely just been assimilated.  They’ve joined the Borg ….Continue

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Tuesday, October 8th, 2013

David Stockman's "Sundown In America"

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Mandeville, LA – Exclusive Transcript – Back to David Stockman, there are a couple more stats from the “Sundown in America” essay that he wrote. You can find it in today’s Pile of Prep. If you’re not already convinced, after I read you the rollover of the debt from the first hour, Stockman isn’t finished with his rundown. I’m skipping here. This thing is 18 pages long if printed. I’m only going to get to about a page and a h….Continue

monopoly-recession

Tuesday, April 2nd, 2013

Monopoly Is Not Much Fun When You're A Property On The Board

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Mandeville, LA – Exclusive Transcript – How does all this play out? Ladies and gentlemen, it plays out horrifically because it cannot continue. The only reason it continues now is because people fear the government. They fear what’s going to happen to them if they don’t pay their taxes. They fear what’s going to happen to them if they don’t march in lockstep as they’re being told to march in lockstep. They fear what’s going to happen to them. Check out to….Continue

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Wednesday, October 17th, 2012

David Stockman Speech-The End of Sound Money and the Triumph of Crony Capitalism

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The End of Sound Money and the Triumph of Crony Capitalism Monday, March 14, 2011 by David Stockman Mandeville, LA - The text of this speech is excerpted from The 2011 Henry Hazlitt Memorial Lecture, given on March 12 at the Austrian Scholar's Conference in Auburn, AL -The original text and audio versions are here The triumph of crony capitalism occurred on October 3rd, 2008. The event was the enactment of TARP — the single greatest economic-policy abomination since the 193….Continue

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"Whatever capital you divert to the support of a shiftless and good-for-nothing person is so much diverted from some other employment, and that means from somebody else. I would spend any conceivable amount of zeal and eloquence if I possessed it to try to make people grasp this idea. Capital is force. If it goes one way it cannot go another. If you give a loaf to a pauper you cannot give the same loaf to a laborer. Now this other man who would have got it but for the charitable sentiment which bestowed it on a worthless member of society is the Forgotten Man." - William Graham Sumner, The Forgotten Man