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>> UNITED STATES OF AMERICA Latest News

APR 03, 2013 - Zero Hedge

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David Stockman: The Keynesian Endgame

Via the Ludwig von Mises Institute, (Excerpt from THE GREAT DEFORMATION: The Corruption of Capitalism in America by David A. Stockman. Published by PublicAffairs.) Even the tepid post-2008 recovery has not been what it was cracked up to be, especially with respect to the Wall Street presumption that the American consumer would once again function as the engine of GDP growth. It goes without saying, in fact, that the precarious plight of the Main Street consumer has been obfuscated by the manner in which the state’s unprecedented fiscal and monetary medications have distorted the incoming ... Read More

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