Ep. 185 Stockman on War and the Fed
The Tom Woods Show
Tom Woods
4.8 • 3.4K Ratings
🗓️ 24 June 2014
⏱️ 25 minutes
🧾️ Download transcript
Summary
David Stockman, author of The Great Deformation: The Corruption of American Capitalism, talks about war and the Fed, plus his impressions of Ronald Reagan, his conversion from leftism, and the current economic picture. Check out David Stockman's Contra Corner, David's indispensable website and blog.
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? |
| 0:18.3 | 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'll be afraid. |
| 0:28.2 | 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. |
| 0:42.7 | 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. |
| 0:51.9 | The Tom Woods Show. Welcome, everybody. It's Tuesday, June 24th, |
| 0:59.4 | 2014, and what an episode we have for you guys today. David Stockman returns to the program. |
| 1:07.0 | David Stockman is a former U.S. congressman. He was the director of the Office of Management and Budget under Ronald Reagan. |
| 1:14.7 | He went on to have a career on Wall Street, after which he founded his own private equity fund company, |
| 1:21.1 | Heartland Industrial Partners, based in Greenwich, Connecticut. He is the author of the extraordinarily important book, The Great Deformation, |
| 1:30.6 | the Corruption of Capitalism in America, and he operates the truly indispensable website and |
| 1:37.2 | blog, David Stockman's Contra Corner.com. That site is the antidote to all the nonsense you read about the economy on a daily |
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