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David Stockman: "This Won't End Well" As Private & Public Sectors Increasingly Compete For Capital
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Over the course of his long and successful career, David Stockman has been both a Washington DC AND Wall Street insider.
He was the youngest serving cabinet member of the 20th century (heading the Office of Management & Budget under Reagan), served as a US State Representative, and was an early member of Blackstone.
So he knows better than most people alive how our political, economic and financial systems work.
Which is why we should listen closely when he talks of our current runaway deficit spending and mountain of public & private debt and concludes "this won't end well".
To hear his informed reasons why, watch this video.
#deficit #debtcrisis #federalreserve
0:00 - Federal Debt Crisis Overview
7:05 - Critique of the “One Big Beautiful Bill”
14:05 - End of Central Bank Absorption
19:33 - Inflation as a Limiter
24:04 - Response to Administration’s Growth Strategy
33:25 - Political Pendulum and Progressive Policies
37:24 - Potential Debate with Art Laffer
47:02 - Investment Themes for a Turbulent Future
50:03 - George H.W. Bush story
53:04 - (Lack of) Economic Literacy in Congress:
56:15 - Federal Reserve as Enabler
1:01:16 - Closing and Resources
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