Ep. 128 David Stockman on Keynes and the GOP

The Tom Woods Show

Tom Woods

Politics, Economics, Libertarian, Government, News

4.8 • 3.3K Ratings

🗓️ 31 March 2014

⏱️ 24 minutes

🔗️ Recording | iTunes | RSS

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Summary

What good is the GOP if its economics is semi-Keynesian? David Stockman, former director of the Office of Management and Budget under Ronald Reagan joins Tom to discuss that and other topics. Check out David's new blog, David Stockman's Contra Corner, and read his indispensable book, The Great Deformation: The Corruption of Capitalism in America.

Transcript

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0:00.0	I've abandoned free market principles to save the free market system.
0:09.9	In a world of conventional confusion, there will be time for them to make profits.
0:14.9	Now's not that time.
0:16.4	Daddy, what do taxes pay for?
0:18.2	Oh, why everything?
0:19.7	Policemen, trees, sunshine.
0:21.9	Let's not forget the folks who just don't feel like working, God bless them.
0:25.9	Don't be afraid.
0:26.7	I'm feeling free, dad.
0:28.3	Prepare to unshackle your mind.
0:31.2	An idea who his time has come cannot be stopped by any army or any government.
0:36.9	Your professor has arrived.
0:41.0	Tom Woods.
0:42.3	Well, his mind is not for rent to any government.
0:46.9	Beware, citizen, you are now departing from the world of allowable opinion.
0:52.3	The Tom Woods Show. Welcome, everybody. It's Monday, March 31st,
0:59.1	2014, and we're joined once again by David Stockman, formerly the Office of Management
1:06.0	and Budget under Ronald Reagan. Very glad to welcome him back to the program, although I do have to tell you guys
1:12.3	about an unfortunate aspect of all this. We don't have David for as long as I had hoped. To make a
1:17.1	long story short, you guys know we had a baby about two and a half weeks ago. Daughter number five
1:22.5	entered the world, and my wife had to deliver via C-section, and so she's still recovering from that.
1:29.6	And so I drive her around until she's fully recovered. And that's fine. I'm perfectly happy to do that.
	...

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