David Stockman, former director of the Office of Management and Budget, told Tom Keene on “Bloomberg Surveillance” yesterday that the Federal Reserve is
"off the deep end with this money printing, which is dramatically distorting and deforming the financial markets."On Glenn Hubbard, Stockman said,
"He is a brilliant guy who told Bush to cut taxes in 2001, cut taxes in 2003, oh, why you are at it, go have two unfinanced wars and don’t worry about the deficit because it doesn’t matter.
This is the kind of advice Republicans are getting from the likes of Professor Hubbard, and it is no wonder that we are heading towards national bankruptcy. It has got to stop."AUDIO LINK HERE
source: BLOOMBERG SURVEILLANCE