by David Stockman
A New York Times bestsellerThe Wonderful Deformation is a searing appear at Washington s craven response to the modern myriad of monetary crises and fiscal cliffs. It counters standard 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 economic bailouts. These forces have left the public sector teetering on the edge of political dysfunction and fiscal collapse and have induced America s personal business basis to morph into a speculative casino that swindles the masses and enriches the few.Defying proper- and remaining-wing packing containers, David Stockman provides a catalogue of corrupters and defenders of audio funds, fiscal rectitude, and cost-free markets. The previous involves Franklin Roosevelt, who fathered crony capitalism Richard Nixon, who wrecked countrywide financial disci…