Thursday, 11 April 2013

Peter Schiff on David Stockman

Peter Schiff talks about the impact and arguments of former Reagan Budget Director David Stockman, and his new book The Great Deformation: Corruption of Capitalism in America.  Because it was written by a former insider, it’s been making waves, Stockman’s critics “shooting the messenger” rather than dealing with his severe criticisms …

In reference to an op-ed piece by Stockman in the New York Times, for example, “Corruption of Capitalism in America,” Krugman dismissed the ex-congressman as a "cranky old man" without even reading the book.

Actually, I was disappointed in Stockman’s piece. I thought there would be some kind of real argument, some presentation, however tendentious, of evidence. Instead it’s just a series of gee-whiz, context- and model-free numbers embedded in a rant — and not even an interesting rant. It’s cranky old man stuff…

Naturally, Stockman fired back.

3 comments:

  1. the druinken watchman11 Apr 2013, 09:57:00

    "Because it was written by a former insider, it’s been making waves, shooting the messenger rather than dealing with the arguments…"

    you mean the critics of Stockman are shooting Stockman? or Stockman is shooting a messenger?

    ReplyDelete
  2. Sorry, it was a little poorly written, wasn't it.

    ReplyDelete
  3. the drunken watchman12 Apr 2013, 05:08:00

    no ...i wasnt being pedantic, it was a serious question.

    (call me slow on the uptake) but I presume the messenger being shot is Stockman?

    ReplyDelete

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