Close Menu
    What's Hot

    Taylor Swift’s Real Estate: See Her Homes in NYC, Nashville, Rhode Island

    September 5, 2026

    I Could See My Kids’ Future Careers Before They Were 10

    September 5, 2026

    US Naval Academy Midshipmen Take ‘Driver’s Ed’ on Training Boats

    September 5, 2026
    Facebook X (Twitter) Instagram
    Hot Paths
    • Home
    • News
    • Politics
    • Money
    • Personal Finance
    • Business
    • Economy
    • Investing
    • Markets
      • Stocks
      • Futures & Commodities
      • Crypto
      • Forex
    • Technology
    Facebook X (Twitter) Instagram
    Hot Paths
    Home»Economy»*TheTriumph of Politics*
    Economy

    *TheTriumph of Politics*

    Press RoomBy Press RoomDecember 18, 2024No Comments2 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email


    The author is David A. Stockman, and the subtitle is Why the Reagan Revolution Failed.  This is for me a re-read, all DOGErs and aspiring DOGErs should give this book an initial read, as it covers why the Reagan attempts to pare back government largely failed.  Excerpt:

    But I hadn’t recoked that there would be so much opposition on our side of the aisle.  I was shocked to find that the Democrats were geting so much Republican help in their efforts to keep the pork barrel flowing and the welfare state intact.  I had been worried because the votes didn’t add up, not the economic plan.

    I had also come to realize that in my haste to get the Reagan Revolution launched in February, we had moved too fast.  There were numerous loose ends.  The spending reductions needed to pay for the tax cuts had turned out to be even bigger and tougher than I had originally thought.

    And:

    Over the next eight months, the President’s pen remained in his pocket.  He did not veto one single appropriations bill, all of which combined came in $10 billion [sic] over the line.  Come to think of it, he did use his pen — to sign them.

    Stockman of course was what you might call the DOGE leader of the early 1980s.  His final take is that the Reagan Revolution failed because it misunderstood what the American people truly want from their government.  For better or worse, they want privilege and also protection from misfortune, not efficiency or maximum economic growth.

    Essential reading, for some of you.

    The post *TheTriumph of Politics* appeared first on Marginal REVOLUTION.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Press Room

    Related Posts

    Wall Street slides as valuation concerns, rate-cut jitters linger

    November 18, 2025

    Wall St opens lower as valuation concerns, rate-cut jitters linger

    November 18, 2025

    They solved for the Kansas City Chiefs enforcement equilibrium

    September 5, 2025
    Leave A Reply Cancel Reply

    LATEST NEWS

    Taylor Swift’s Real Estate: See Her Homes in NYC, Nashville, Rhode Island

    September 5, 2026

    I Could See My Kids’ Future Careers Before They Were 10

    September 5, 2026

    US Naval Academy Midshipmen Take ‘Driver’s Ed’ on Training Boats

    September 5, 2026

    Tesla’s Cybercab Launch Draws US Regulator Probe

    September 5, 2026
    POPULAR
    Business

    The Business of Formula One

    May 27, 2023
    Business

    Weddings and divorce: the scourge of investment returns

    May 27, 2023
    Business

    How F1 found a secret fuel to accelerate media rights growth

    May 27, 2023
    Advertisement
    Load WordPress Sites in as fast as 37ms!

    Archives

    • September 2026
    • August 2026
    • July 2026
    • June 2026
    • May 2026
    • April 2026
    • March 2026
    • February 2026
    • January 2026
    • December 2025
    • November 2025
    • October 2025
    • September 2025
    • August 2025
    • July 2025
    • June 2025
    • May 2025
    • April 2025
    • March 2025
    • February 2025
    • January 2025
    • December 2024
    • November 2024
    • April 2024
    • March 2024
    • February 2024
    • January 2024
    • December 2023
    • November 2023
    • October 2023
    • September 2023
    • May 2023

    Categories

    • Business
    • Crypto
    • Economy
    • Forex
    • Futures & Commodities
    • Investing
    • Market Data
    • Money
    • News
    • Personal Finance
    • Politics
    • Stocks
    • Technology

    Your source for the serious news. This demo is crafted specifically to exhibit the use of the theme as a news site. Visit our main page for more demos.

    We're social. Connect with us:

    Facebook X (Twitter) Instagram Pinterest YouTube

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Buy Now
    © 2026 ThemeSphere. Designed by ThemeSphere.

    Type above and press Enter to search. Press Esc to cancel.