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Grade 9-12
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Making Sen$e with Paul Solman: Former Reagan Budget Director Argues Against Bailouts, for Financial Discipline

Updated: June 4 2013,
Author: barrel jason
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Concepts

Budget Deficit, Business Cycles, Economic Institutions, Economic Systems, Public-Choice Analysis, Roles of Government
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In “The Great Deformation,” David Stockman, former budget director under President Reagan, makes an argument against government economic intervention. Economics correspondent Paul Solman interviews Stockman on why he believes the U.S. bailout of banks after the 2008 financial meltdown perpetuates an unfair economic system.

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