Tuesday, June 25, 2013
In his recently published New York Times bestseller, The Great Deformation, David Stockman describes how Wall Street and the speculative classes have joined forces with the Federal Reserve to take the economy hostage by punishing savers, vastly inflating Main Street’s living costs, and fueling new financial bubbles.
At the same time, he argues, control of the federal budget has been surrendered to special interests that cling to every loophole in the tax code and block attempts at significant spending cuts. Stockman explains how this state of affairs arose over the course of the last eighty years, why this warped crony capitalism has betrayed so many of our hopes and dreams, and how we might be able to avert a looming economic crisis.
At 6:30 p.m., following a drinks reception, David Stockman will be interviewed by Reason Magazine Editor-in-Chief Matt Welch and engage in Q & A with invited guests, all of which will be recorded for later broadcast by Reason.tv.
This event is sponsored by the Donald and Paula Smith Family Foundation and is free of charge.
This is an invitation-only event. To find out more about this event and future Reason events in New York, please email firstname.lastname@example.org.
About the Speaker
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. 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, Stockman was a private equity investor. Stockman attended Michigan State University and Harvard Divinity School and then went to Washington as a congressional aide in 1970.