5/13/22 David Stockman on Washington’s Military Keynesianism

Scott interviews David Stockman about the war in Ukraine and the American economy. They begin by discussing the war in Ukraine. Stockman argues that the irrational motivator behind Washington’s actions is Trump-Derangement Syndrome — that Putin is a surrogate for Trump and you need to demonstrate blind hatred for him to be accepted. Next, they turn to the economy. Stockman recounts the trouble the American economy was in before the pandemic and war in Eastern Europe came about to make everything worse. Scott and Stockman end by discussing the painful path ahead. Discussed on the show: Mearsheimer’s short debate on PBS Secrets of the Temple: How the Federal Reserve Runs the Country by William Greider David Stockman is the ultimate Washington insider turned iconoclast. He began his career in Washington as a young man and quickly rose through the ranks of the Republican Party to become the Director of the Office of Management and Budget under President Ronald Reagan. After leaving the White House, Stockman had a 20-year career on Wall Street. He is the author of Trumped!, The Triumph of Politics, and his history of the financial crisis, The Great Deformation: The Corruption of Capitalism in America. This episode of the Scott Horton Show is sponsored by: The War State and Why The Vietnam War?, by Mike Swanson; Tom Woods’ Liberty Classroom; ExpandDesigns.com/Scott; EasyShip; Free Range Feeder; Thc Hemp Spot; Green Mill Supercritical; Bug-A-Salt and Listen and Think Audio. Shop Libertarian Institute merch or donate to the show through Patreon, PayPal or Bitcoin: 1DZBZNJrxUhQhEzgDh7k8JXHXRjYu5tZiG. Learn more about your ad choices. Visit megaphone.fm/adchoices