David Stockman is just another economist. He carries more weight than Krugman, for example, but he isn’t the “type of person” you might think.
Thats not what the press was saying in the early eighties. Back then he was the only economist they'd listen to.
My point is Stockman is establishment. That’s why it’s an eye opener when he says govt. data is made up.
True, but he's smart and he knows what he is talking about here. Read his analysis. He makes a compelling case no matter what we think about him otherwise.