David Stockman on controlling the Fed and more

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In the two-part interview below, David Stockman shares his ideas on the Fed, taxes and other pertinent issues. He is a former U.S. congressman – representing the state of Michigan – who was elected to three terms before stepping down to head up the Office of Management and Budget under President Ronald Reagan in 1981. He is credited with writing the Reagan Budget – and continued his work on federal budgeting through 1985. After leaving politics, David Stockman pursued a career in investment banking and joined Blackstone Group as one of its earliest partners. He is the author of the book, “Triumph of Politics: How the Reagan Revolution Failed” and his new book – tentatively titled “The Triumph of Crony Capitalism” – will explore how crony capitalism reached a peak during the recent financial meltdown.

Part 1:

Part 2:

Source: YouTube (part 1 and part 2), November 3, 2011 (hat tip: The Big Picture).

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