The Great Deformation

Author: David Stockman
Publisher: PublicAffairs
ISBN: 9781610395236
Category : Political Science
Languages : en
Pages : 0

Book Description
A New York Times bestseller The Great Deformation is a searing look at Washington's craven response to the recent myriad of financial crises and fiscal cliffs. It counters conventional wisdom with an eighty-year revisionist history of how the American state—especially the Federal Reserve—has fallen prey to the politics of crony capitalism and the ideologies of fiscal stimulus, monetary central planning, and financial bailouts. These forces have left the public sector teetering on the edge of political dysfunction and fiscal collapse and have caused America's private enterprise foundation to morph into a speculative casino that swindles the masses and enriches the few. Defying right- and left-wing boxes, David Stockman provides a catalogue of corrupters and defenders of sound money, fiscal rectitude, and free markets. The former includes Franklin Roosevelt, who fathered crony capitalism; Richard Nixon, who destroyed national financial discipline and the Bretton Woods gold-backed dollar; Fed chairmen Greenspan and Bernanke, who fostered our present scourge of bubble finance and addiction to debt and speculation; George W. Bush, who repudiated fiscal rectitude and ballooned the warfare state via senseless wars; and Barack Obama, who revived failed Keynesian “borrow and spend” policies that have driven the national debt to perilous heights. By contrast, the book also traces a parade of statesmen who championed balanced budgets and financial market discipline including Carter Glass, Harry Truman, Dwight Eisenhower, Bill Simon, Paul Volcker, Bill Clinton, and Sheila Bair. Stockman's analysis skewers Keynesian spenders and GOP tax-cutters alike, showing how they converged to bloat the welfare state, perpetuate the military-industrial complex, and deplete the revenue base—even as the Fed's massive money printing allowed politicians to enjoy “deficits without tears.” But these policies have also fueled new financial bubbles and favored Wall Street with cheap money and rigged stock and bond markets, while crushing Main Street savers and punishing family budgets with soaring food and energy costs. The Great Deformation explains how we got here and why these warped, crony capitalist policies are an epochal threat to free market prosperity and American political democracy.

The Great Deformation

Author: David Stockman
Publisher: PublicAffairs
ISBN: 1586489135
Category : Political Science
Languages : en
Pages : 770

Book Description
A New York Times bestseller The Great Deformation is a searing look at Washington's craven response to the recent myriad of financial crises and fiscal cliffs. It counters conventional wisdom with an eighty-year revisionist history of how the American state -- especially the Federal Reserve -- has fallen prey to the politics of crony capitalism and the ideologies of fiscal stimulus, monetary central planning, and financial bailouts. These forces have left the public sector teetering on the edge of political dysfunction and fiscal collapse and have caused America's private enterprise foundation to morph into a speculative casino that swindles the masses and enriches the few. Defying right- and left-wing boxes, David Stockman provides a catalogue of corrupters and defenders of sound money, fiscal rectitude, and free markets. The former includes Franklin Roosevelt, who fathered crony capitalism; Richard Nixon, who destroyed national financial discipline and the Bretton Woods gold-backed dollar; Fed chairmen Greenspan and Bernanke, who fostered our present scourge of bubble finance and addiction to debt and speculation; George W. Bush, who repudiated fiscal rectitude and ballooned the warfare state via senseless wars; and Barack Obama, who revived failed Keynesian "borrow and spend" policies that have driven the national debt to perilous heights. By contrast, the book also traces a parade of statesmen who championed balanced budgets and financial market discipline including Carter Glass, Harry Truman, Dwight Eisenhower, Bill Simon, Paul Volcker, Bill Clinton, and Sheila Bair. Stockman's analysis skewers Keynesian spenders and GOP tax-cutters alike, showing how they converged to bloat the welfare state, perpetuate the military-industrial complex, and deplete the revenue base -- even as the Fed's massive money printing allowed politicians to enjoy "deficits without tears." But these policies have also fueled new financial bubbles and favored Wall Street with cheap money and rigged stock and bond markets, while crushing Main Street savers and punishing family budgets with soaring food and energy costs. The Great Deformation explains how we got here and why these warped, crony capitalist policies are an epochal threat to free market prosperity and American political democracy.

The Triumph of Politics

Author: David Stockman
Publisher: Public Affairs
ISBN: 1610392779
Category : History
Languages : en
Pages : 468

Book Description
The former director of the Office of Management and Budget discusses in detail the battle to implement the Reagan revolution. Reissue. 15,000 first printing.

America's Fiscal Constitution

Author: Bill White
Publisher: PublicAffairs
ISBN: 1610393449
Category : Political Science
Languages : en
Pages : 577

Book Description
What would Washington, Jefferson, Madison, Lincoln, the Roosevelts, Truman, and Eisenhower have done about today's federal debt crisis? America's Fiscal Constitution tells the remarkable story of fiscal heroes who imposed clear limits on the use of federal debt, limits that for two centuries were part of an unwritten constitution. Those national leaders borrowed only for extraordinary purposes and relied on well-defined budget practices to balance federal spending and revenues. That traditional fiscal constitution collapsed in 2001. Afterward -- for the first time in history -- federal elected officials cut taxes during war, funded permanent new programs entirely with debt, grew dependent on foreign creditors, and claimed that the economy could not thrive without routine federal borrowing. For most of the nation's history, conservatives fought to restrain the growth of government by insisting that new programs be paid for with taxation, while progressives sought to preserve opportunities for people on the way up by balancing budgets. Virtually all mainstream politicians recognized that excessive debt could jeopardize private investment and national independence. With original scholarship and the benefit of experience in finance and public service, Bill White dispels common budget myths and distills practical lessons from the nation's five previous spikes in debt. America's Fiscal Constitution offers an objective and hopeful guide for people trying to make sense of the nation's current, most severe, debt crisis and its impact on their lives and our future.

Hot Deformation and Processing of Aluminum Alloys

Author: Hugh J. McQueen
Publisher: CRC Press
ISBN: 1420017683
Category : Technology & Engineering
Languages : en
Pages : 596

Book Description
A comprehensive treatise on the hot working of aluminum and its alloys, Hot Deformation and Processing of Aluminum Alloys details the possible microstructural developments that can occur with hot deformation of various alloys, as well as the kind of mechanical properties that can be anticipated. The authors take great care to explain and differenti

The Great Erasure

Author: Paul E Gottfried
Publisher: Radix
ISBN: 9781593680107
Category : Race awareness
Languages : en
Pages : 230

Book Description
For those who are a part of it, and for those who feel represented by it, the postwar American "conservative movement" has been a roaring success. More Americans openly identify themselves with "conservative" than any other political ideology. There are more magazines, websites, television programs, and publishing houses that advocate "conservatism" than ever before. But the question remains: What is this movement, which has, for some half century, defined what is called "the Right"? A central crucible in its formation has been "the purge"-that is, the expulsion, often in an explicit fashion, of views or individuals deemed outside the boundaries of the official Right. Through the purges-specifically, through the logic of the purges-we can glimpse what conservatism is *not*, those aspects of itself it has attempted to deny, mask, leave behind, and forget, and the ways in which memories can be reconstructed around new orthodoxies. This collection of essays attempts to understand how conservative ideology (often euphemized as "timeless principles") functioned within its historic context and how it responded to power, shifting conceptions of authority, and societal changes. It includes essays by Lee Congdon, John Derbyshire, Samuel T. Francis, Paul E. Gottfried, James Kalb, Keith Preston, William Regnery, and Richard Spencer.

Deformations of Algebraic Schemes

Author: Edoardo Sernesi
Publisher: Springer Science & Business Media
ISBN: 3540306153
Category : Mathematics
Languages : en
Pages : 343

Book Description
This account of deformation theory in classical algebraic geometry over an algebraically closed field presents for the first time some results previously scattered in the literature, with proofs that are relatively little known, yet relevant to algebraic geometers. Many examples are provided. Most of the algebraic results needed are proved. The style of exposition is kept at a level amenable to graduate students with an average background in algebraic geometry.

An Unprecedented Deformation

Author: Mauro Carbone
Publisher: State University of New York Press
ISBN: 1438430221
Category : Philosophy
Languages : en
Pages : 125

Book Description
Philosophical interpretation of Proust based on the work of Merleau-Ponty and Deleuze.

Unified Constitutive Laws of Plastic Deformation

Author: A. S. Krausz
Publisher: Elsevier
ISBN: 008054343X
Category : Technology & Engineering
Languages : en
Pages : 479

Book Description
High-technology industries using plastic deformation demand soundly-based economical decisions in manufacturing design and product testing, and the unified constitutive laws of plastic deformation give researchers aguideline to use in making these decisions. This book provides extensive guidance in low cost manufacturing without the loss of product quality. Each highly detailed chapter of Unified Constitutive Laws of Plastic Deformation focuses on a distinct set of defining equations. Topics covered include anisotropic and viscoplastic flow, and the overall kinetics and thermodynamics of deformation. This important book deals with a prime topic in materials science and engineering, and will be of great use toboth researchers and graduate students. Describes the theory and applications of the constitutive law of plastic deformation for materials testing Examines the constitutive law of plastic deformation as it applies to process and product design Includes a program on disk for the determination and development of the constitutive law of plastic deformation Considers economical design and testing methods

The Great Divergence

Author: Kenneth Pomeranz
Publisher: Princeton University Press
ISBN: 0691217181
Category : Business & Economics
Languages : en
Pages : 404

Book Description
A landmark comparative history of Europe and China that examines why the Industrial Revolution emerged in the West The Great Divergence sheds light on one of the great questions of history: Why did sustained industrial growth begin in Northwest Europe? Historian Kenneth Pomeranz shows that as recently as 1750, life expectancy, consumption, and product and factor markets were comparable in Europe and East Asia. Moreover, key regions in China and Japan were no worse off ecologically than those in Western Europe, with each region facing corresponding shortages of land-intensive products. Pomeranz’s comparative lens reveals the two critical factors resulting in Europe's nineteenth-century divergence—the fortunate location of coal and access to trade with the New World. As East Asia’s economy stagnated, Europe narrowly escaped the same fate largely due to favorable resource stocks from underground and overseas. This Princeton Classics edition includes a preface from the author and makes a powerful historical work available to new readers.