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The Great Deformation: The Corruption Of Capitalism In America
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A New York Times Bestsellerthe Great Deformation Is A Searing Look At Washington'S Craven Response To The Recent Myriad Of Financial Crises And Fiscal Cliffs. It Counters Conventional Wisdom With An Eightyyear Revisionist History Of How The American Stateespecially The Federal Reservehas Fallen Prey To The Politics Of Crony Capitalism And The Ideologies Of Fiscal Stimulus, Monetary Central Planning, And Financial Bailouts. These Forces Have Left The Public Sector Teetering On The Edge Of Political Dysfunction And Fiscal Collapse And Have Caused America'S Private Enterprise Foundation To Morph Into A Speculative Casino That Swindles The Masses And Enriches The Few.Defying Right And Leftwing Boxes, David Stockman Provides A Catalogue Of Corrupters And Defenders Of Sound Money, Fiscal Rectitude, And Free Markets. The Former Includes Franklin Roosevelt, Who Fathered Crony Capitalism; Richard Nixon, Who Destroyed National Financial Discipline And The Bretton Woods Goldbacked Dollar; Fed Chairmen Greenspan And Bernanke, Who Fostered Our Present Scourge Of Bubble Finance And Addiction To Debt And Speculation; George W. Bush, Who Repudiated Fiscal Rectitude And Ballooned The Warfare State Via Senseless Wars; And Barack Obama, Who Revived Failed Keynesian Borrow And Spend Policies That Have Driven The National Debt To Perilous Heights. By Contrast, The Book Also Traces A Parade Of Statesmen Who Championed Balanced Budgets And Financial Market Discipline Including Carter Glass, Harry Truman, Dwight Eisenhower, Bill Simon, Paul Volcker, Bill Clinton, And Sheila Bair.Stockman'S Analysis Skewers Keynesian Spenders And Gop Taxcutters Alike, Showing How They Converged To Bloat The Welfare State, Perpetuate The Militaryindustrial Complex, And Deplete The Revenue Baseeven As The Fed'S Massive Money Printing Allowed Politicians To Enjoy Deficits Without Tears. But These Policies Have Also Fueled New Financial Bubbles And Favored Wall Street With Cheap Money And Rigged Stock And Bond Markets, While Crushing Main Street Savers And Punishing Family Budgets With Soaring Food And Energy Costs. The Great Deformation Explains How We Got Here And Why These Warped, Crony Capitalist Policies Are An Epochal Threat To Free Market Prosperity And American Political Democracy.
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- Q: What is the page count of 'The Great Deformation'? A: The book has seven hundred sixty-eight pages. This extensive length allows for a detailed exploration of economic themes and historical analysis.
- Q: What are the dimensions of 'The Great Deformation'? A: The book measures six and a half inches by two and a quarter inches by nine point seven six inches. These dimensions make it a standard hardcover size, suitable for bookshelves.
- Q: What type of binding does 'The Great Deformation' have? A: This book is bound in hardcover. Hardcover bindings are known for their durability and longevity compared to paperback editions.
- Q: Who is the author of 'The Great Deformation'? A: The book is authored by David A. Stockman. He is known for his insights on economic policies and history.
- Q: What category does 'The Great Deformation' fall under? A: The book is categorized under Economic Conditions. It provides critical insights into capitalism and fiscal policies in America.
- Q: What is the main theme of 'The Great Deformation'? A: The main theme critiques crony capitalism and the failures of monetary policies. Stockman offers a revisionist history on how these factors impact America.
- Q: How should I approach reading 'The Great Deformation'? A: You can read this book as a critical analysis of economic policies. It's suitable for those interested in economics, history, and political science.
- Q: Is 'The Great Deformation' suitable for beginners in economics? A: Yes, while it offers complex ideas, the book is accessible for beginners. Stockman explains economic concepts in a way that is engaging and informative.
- Q: Can I gift 'The Great Deformation' to someone interested in politics? A: Yes, this book is a great gift for those interested in politics and economics. It provides a thought-provoking perspective on American financial systems.
- Q: How do I keep 'The Great Deformation' in good condition? A: To maintain the book, store it in a cool, dry place away from direct sunlight. Ensure that it is kept upright on a shelf to avoid bending.
- Q: What if my copy of 'The Great Deformation' arrives damaged? A: If your copy arrives damaged, contact the seller for a return or exchange. Most retailers have policies in place for damaged merchandise.
- Q: Is there a warranty for 'The Great Deformation'? A: Typically, books do not come with a warranty. However, check with the retailer for specific return policies regarding damaged or defective copies.
- Q: Are there any safety concerns with 'The Great Deformation'? A: No, there are no safety concerns associated with this book. It is intended for adult readers and discusses economic subjects.
- Q: What distinguishes 'The Great Deformation' from other economic books? A: This book is distinctive for its critical view of both political parties and its historical analysis of economic policies. It delves into the intricacies of crony capitalism.
- Q: Does 'The Great Deformation' provide solutions to economic problems? A: Yes, the book suggests a return to sound money and fiscal discipline. Stockman advocates for policies that prioritize economic stability over short-term gains.