Friday, March 28, 2014

David Gordon on "The Great Deformation"




I agree with Gordon's take here.  I have called the book the most important book coming out of the recent financial crisis. Stockman squarely puts the blame, where it belongs, on the Federal Reserve, but more important, he explains why it was completely unnecessary for the government to bail out Wall Street banks that were caught up in the crisis. It's a must read.

Buy the book here.

4 comments:

  1. I have a question for anyone wanting to take a stab at it:

    With bubbles in a variety of areas stemming from money printing, what are the odds that there is a bubble in populations? Is it feasible that there could be a population bubble and that it too would have to "deflate"?

    Now, it seems like Japan is headed in the other direction when looking at demographics, but is that not just a "bust" in an asset bubble as well, as a result of decades of money printing? (hate calling people assets, but I don't have another word right now)

    Btw, I'm not making a case for the "world is overpopulated" or any progressive crap like that, I'm just wondering aloud if it seems logically consistent that these money distortions(lasting generations) also effect population distortions.

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  2. I wish Stockman had had a copy editor. Has anyone counted the usages of "at the end of the day"?

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    Replies
    1. Loved the book. If only we could get more people to read it but I'm afraid the size of it would scare most people away.

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    2. " If only we could get more people to read it but I'm afraid the size of it would scare most people away. "

      Yeah. Bought the book myself but you know people. Most of them are so fucking LAZY.

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