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David Stockman, the former budget director under President Ronald Reagan, says the economy will not improve until the United States rethinks its habits of borrowing, spending and money printing. His new book, “The Great Deformation: The Corruption of Capitalism in America,” argues that Washington has enabled Wall Street to fuel financial bubbles and alter the markets, all while crushing middle class families.
From "The Great Deformation: The Corruption of Capitalism in America" by David A. Stockman. Published on April 2, 2013, by PublicAffairs. All Rights Reserved.