MisesMedia, Released on 5/18/24 (Recorded on 5/17/24)

“The empire can and should be dismantled. 1949 was a crucial mistake—a pivot point that has led to this massive fiscal and political crisis that we have in America today. This is pretty evident to a lot of us, but it was evident to Mises in 1949, and I think we should have followed his advice.”

Presented at the 2024 Human Action Conference on Friday, 17 May 2024, at the Mises Institute in Auburn, Alabama.

David Stockman is a former Republican congressman from Michigan and was President Reagan’s budget director from 1981 to 1985. After leaving the White House, Stockman became a managing director at Salomon Brothers, and he later founded a private equity fund. David is the founder of David Stockman’s Contra Corner, and he is the author of The Great Deformation: The Corruption of Capitalism in America, Trumped! A Nation on the Brink of Ruin… And How to Bring It Back, The Great Money Bubble: Protect Yourself from the Coming Inflation Storm, and Trump’s War on Capitalism.