great depression, US economy, David Stockman, economic collapse, Keynesian economics, middle class, capitalism | ITR Economics

The Corruption of Capitalism - great depression, US economy, David Stockman, economic collapse, Keynesian economics, middle class, capitalism | ITR Economics

This is a great short synopsis of what to expect in the coming decade(s).  Too many people and intellectuals wrongfully believe that the economy responds immediately to incentives and policies.  The reality is that to quote Milton Friedman "the lags and long and variable".  The next generations will reap what we have sown.