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BOOKREVIEW:The Great Deformation:Assessingthe Blame for Who BustedtheEconomy:EverybodysGuilty, Says DavidStockmanarticle c...
article code 85258083180 SWG, southwoodnorsemytho group reviews - David Stockman,the author of "The Great Deformation: The...
Over time, crony capitalism has made fools of us all, transformingRepublican treasury secretaries into big government inte...
Stockman starts in the late summer and early fall of 2008, whenTreasury Secretary Henry Paulson panicked, convincing Presi...
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Southwood norsemytho Group reviews : BOOK REVIEW: 'The Great Deformation: Assessing the Blame for Who Busted the Economy: Everybody's Guilty, Says David Stockman....all Four Parts of the Review in One Story

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Southwood norsemytho Group reviews : BOOK REVIEW: 'The Great Deformation: Assessing the Blame for Who Busted the Economy: Everybody's Guilty, Says David Stockman....all Four Parts of the Review in One Story

  1. 1. BOOKREVIEW:The Great Deformation:Assessingthe Blame for Who BustedtheEconomy:EverybodysGuilty, Says DavidStockmanarticle code 85258083180 SWG, southwood norsemythogroup reviews
  2. 2. article code 85258083180 SWG, southwoodnorsemytho group reviews - David Stockman,the author of "The Great Deformation: TheCorruption of Capitalism in America"(PublicAffairs Books, 768 pages, $35.00) wasthe architect of the Reagan Revolution meantto restore sound money principles to the U.S.government. It failed, derailed by politics,special interests, welfare, and warfare.In "The Great Deformation" Stockman describes how the working of free marketsand democracy has long been under threat in America, and provides a nonpartisan,surprising catalog of the corrupters and defenders. His analysis overturns theassumptions of Keynesians and monetarists alike, showing how both "liberal" and"neo-conservative" interference in markets has proved damaging and oftendangerous.http://www.huntingtonnews.net/61772
  3. 3. Over time, crony capitalism has made fools of us all, transformingRepublican treasury secretaries into big government interventionists,and populist Democrat presidents into industry wreckinginternationalists. Todays national debt stands at nearly $16 trillion.Divided equally among taxpayers, each of us is $52,000 in debt. Thisbook explains how we got here—and why this warped crony capitalismhas betrayed so many of our hopes and dreams.My position on reviewing is to read the book completely, with noexceptions. Im making an exception: Ive read 90 pages of this tomeand skimmed much of the rest, but this review is based on the pagesIve read. Ill review the book in segments, but I wanted to get out areview of a vitally important book that was published April 2 beforethe reading public ASAP.http://www.huntingtonnews.net/61772
  4. 4. Stockman starts in the late summer and early fall of 2008, whenTreasury Secretary Henry Paulson panicked, convincing PresidentGeorge W. Bush, Congress and just about everybody that AIG was toobig to fail. In Stockmans view, nobody is too big to fail, as he details inChapter 1, "Paulsons Folly: The Needless Rescue of AIG and WallStreet." Failure is a good way of clearing out companies that dontdeserve to live -- or to convince survivors that they have to downsize.Its that way for the 95 percent and it should be that way for the 5percent. article code 85258083180 SWG, southwood norsemythogroup reviewshttp://www.huntingtonnews.net/61772

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