David Stockman’s Speech

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David Stockman’s speech detailing how the Fed enabled the creation (and sustaining) of the warfare state is one of the most important items ever posted at LRC. Its breadth and depth of scholarly research integrating Austrian economics and political history is truly phenomenal. Together with such volumes as Robert Higgs’ Crisis and Leviathan, Murray N. Rothbard’s America’s Great Depression, Gurudas’ Treason: The New World Order, and Michael Swanson’s The War State: The Cold War Origins Of The Military-Industrial Complex And The Power Elite, 1945-1963, attentive and engaged readers can begin to gain a full understanding of how this satanic incubus arose within the fetid bowels of the American body politic, and how to challenge and abolish it.

2:21 pm on March 15, 2014