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David Stockman: "The Great Deformation"

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.

Read An Excerpt

From "The Great Deformation: The Corruption of Capitalism in America" by David A. Stockman. Published on April 2, 2013, by PublicAffairs. All Rights Reserved.

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The stripped-down look of exposed brick, poured cement floors, and Edison light bulbs is popular in restaurants across America. One reporter dares to ask, "Seriously, why?"
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Facebook Shakes Up News Feed, But We Still Don't Know Exactly How It Works

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