David Stockman

About the Author

David Stockman is a renowned economist, former U.S. Congressman, and one-time Director of the Office of Management and Budget under President Ronald Reagan, where he played a pivotal role in shaping fiscal policy during the early 1980s. With a career spanning Wall Street, Washington, and academia, Stockman has become a sharp critic of modern economic orthodoxy, exposing the flaws in government intervention and financial deregulation. In his seminal work, The Great Deformation: The Corruption of Capitalism in America, he meticulously dissects how political decisions and monetary policies have eroded free-market principles, leading to unprecedented inequality and systemic risks. A prolific commentator on economic affairs, Stockman continues to advocate for fiscal restraint and sound money through his writings, speeches, and media appearances, urging a return to principled capitalism.