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David Stockman

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David Stockman was elected as a Michigan Congressman in 1976 and joined the Reagan White House in 1981.  Serving as budget director, he was one of the key architects of the Reagan Revolution plan to reduce taxes, cut spending and shrink the role of government.  He joined Salomon Brothers in 1985 and later became one of the early partners of The Blackstone Group.  During nearly two decades at Blackstone and at a firm he founded, Heartland Industrial Partners, Stockman was a private equity investor.  Born in Fort Hood, Texas, Stockman graduated from Michigan State University and attended Harvard Divinity School and then went to Washington as a Congressional aide in 1970.

All Works

Social Security: The New Deal’s Fiscal Ponzi

U.S. HistoryInterventionismOther Schools of Thought

06/10/2013Mises Daily Articles
Social insurance co-opts all potential sources of political opposition, making it inherently a fiscal doomsday machine.
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The New Deal Origins of Fannie Mae and the Government-Housing Complex

Big GovernmentU.S. HistoryInterventionism

05/28/2013Mises Daily Articles
Fannie Mae’s journey started with a filing cabinet containing a few thousand mortgage notes christened as the nation’s “secondary mortgage market.”
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The Great Deformation

Big GovernmentBooms and BustsFinancial MarketsFree MarketsU.S. Economy

The Great Deformation: The Corruption of Capitalism in America Stockman makes clear that the facile left-right distinction of US politics obscures a deeper crisis of capitalism that spans the breadth of the American economic and political landscape
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FDR: Sowing the Seeds of Chaos

U.S. HistoryGold StandardInterventionism

05/16/2013Mises Daily Articles
FDR locked in a destructive worldwide régime of economic nationalism that eventually led to war.
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The Keynesian Endgame

Booms and BustsOther Schools of Thought

04/03/2013Mises Daily Articles
The breakdown of sound money has now finally generated a cruel endgame.
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