#9122
Mentioned in 7 episodes
THE TRIUMPH OF POLITICS
Why the Reagan Revolution Failed
Book • 1986
In this book, David Stockman provides an insider's account of the Reagan administration's fiscal policies and the reasons behind their failure.
Stockman details the dueling delusions between President Ronald Reagan and himself: Reagan's economic delusion that taxes could be cut, military spending increased, and the budget balanced without cutting popular domestic programs, and Stockman's political delusion that such cuts could be implemented in the U.S.
democratic system.
The book highlights the challenges of budgeting during the era of disinflation and the role of Federal Reserve Chairman Paul Volcker.
It also discusses the political realities that prevented deep spending cuts and led to significant increases in the national debt.
Stockman details the dueling delusions between President Ronald Reagan and himself: Reagan's economic delusion that taxes could be cut, military spending increased, and the budget balanced without cutting popular domestic programs, and Stockman's political delusion that such cuts could be implemented in the U.S.
democratic system.
The book highlights the challenges of budgeting during the era of disinflation and the role of Federal Reserve Chairman Paul Volcker.
It also discusses the political realities that prevented deep spending cuts and led to significant increases in the national debt.
Mentioned by
Mentioned in 7 episodes
Mentioned by 
Rick Rule , David Stockman wrote about Ronald Reagan's efforts to reduce the size of government.
Rick Rule , David Stockman wrote about Ronald Reagan's efforts to reduce the size of government.
52 snips
Rick Rule: The Coming Decade Looks Like the 1970’s, Take Action to Survive It
Mentioned by 
Axel Merk while discussing government spending and the challenges of achieving efficiency in Washington.
Axel Merk while discussing government spending and the challenges of achieving efficiency in Washington.
19 snips
SPECIAL REPORT: Reaction To This Week's Market-Tanking Federal Reserve Update | Axel Merk
Mentioned by Rick Rule when discussing the Reagan revolution and its failure to reduce government spending.
Rick Rule when discussing the Reagan revolution and its failure to reduce government spending.
15 snips
#226 Rick Rule: Rick Rule: "I Am Cautious" - Holding Cash For The Coming Squeeze
Mentioned by Rick Rule when discussing the political derailment of the movement to reduce the size of government.
Rick Rule when discussing the political derailment of the movement to reduce the size of government.
13 snips
Rick Rule - Global Trade War - Do This Now | Jimmy Connor
Mentioned by Jay Martin when discussing government spending efficiency following initial momentum and hype.
Abuse, Waste, And Fraud: The TRUTH about US Government Spending
Mentioned by Will Walden in the context of past attempts at federal spending reform and the challenges faced by those efforts.
Can Musk and Ramaswamy’s DOGE Plan Really Slash $2 Trillion—or Is It All Bark?
