"If they're too big to fail..." D. Stockman
 

"If they're too big to fail, they're too big to exist. Let's start with that premise...." David Stockman- economist Reagan Administration 1/12/12 PBS.

Very interesting. Pirate capitalism at it's worst. I'm going to Buy this book...not steal it.
Croney Capitalism by D. Stockman

Is this what you're talking about?

http://mises.org/daily/5113

Chas

That's the book, the interview was last night on PBS. It was a hellfire and brimstone session with Bill Moyer. I've never seen an economist flip out like that.
Even though he dumbed it down somewhat, it was alarming. To say the very least.

Interesting read. Kind of the opposite what Mr Newman has been teaching us.

Read some more. Pretty damning indictment of the GOP, and in particular, W's time in power.

I just finished watching the interview at www.billmoyers.com and must admit that I had gone in expecting that Stockman was wrong. Well he convinced me, all along I figured people like Immelt, Summers and their like were bad news, I did not quite realise just how bad. These bastards have the unmitigated gall to call Medicare and Social Security entitlements.

Sandy was right when he said our problems started when instead of using money to make products we just used money to make money, but the bastards were using our money, not their own. Dr Guillotine where are you when we need you.

Mittens kinda looks like Marie A. except this time there's no bread and there won't be cake or even table scraps.

Downloaded and printed the Stockman book last night.

Work was very busy, so I've had no time for it yet.

Dave

If you go to www.billmoyers.com you can watch the interview and see Stockman first hand.

DL'd it myself but not printed. Looking forward to getting a chance to read it.

Check out that link Merry posted up, Stockman was in rare form.