Fed taken to the woodshed
It is the scariest thing I have read in a long time. Unfortunately, it is hard to argue with much of the message it contains. The “it” is a recent Associated Press interview with David Stockman, Ronald Reagan’s “whiz kid” budget director. Stockman, now 65, made headlines back then by pushing first for what was at the time the largest tax cut in history and then later resigning to protest excessive levels of deficit spending.