The Great Deformation
Author
Link
Cost
Paid
Published
2013
Updated
2013
Full Name
The Great Deformation: The Corruption of Capitalism in America
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.
- The Great Deformation is Stockman's attempt to put the whole financial system in historical contest
- Wanted to write a revisionist history from 1914 when the Fed was created
- Point was to lay out the context up to 2018
- Stockman worked on it for 10 years
- 730 pages (very long)
- Paul Krugman wrote a blog post about it stating that the book was "ravings of a cranky old man"
- Hit #3 on the New York Times Best Seller List