David Stockman

Former Congressman David A. Stockman was Reagan's OMB director, which he wrote about in his best-selling book, The Triumph of Politics. His latest book is The Great Deformation: The Corruption of Capitalism in America. He's the editor and publisher of the new David Stockman's Contra Corner. He was an original partner in the Blackstone Group, and reads LRC the first thing every morning.

Articles by David Stockman

There is an economic and financial train wreck rumbling through the world economy. Namely, the Great China Ponzi. In all of economic history, there has never been anything like it. It is only a matter of time before it ends...
The global financial system has come unglued. Everywhere the real world evidence points to cooling growth, faltering investment, slowing trade, vast excess industrial capacity, peak private debt, public fiscal...
Domestic gold prices tumble on reduced demand