The Economic Danger Posed by Trump

The Expert View ·
Featuring David Stockman

Published on: February 25th, 2019 • Duration: 32 minutes

David Stockman, the former director of the Office of Management and Budget under Ronald Reagan, and the so-called "Father of Reaganomics," explains why he sees Donald Trump as a big departure from the Republican president he served. In his view, Trump's policies will hasten an economic crisis. It all starts with the Fed, which Stockman says has inflated assets, thus increasing wealth inequality. He contends that Barack Obama missed an opportunity to change a "failed regime," but that Trump's policy position only furthers the path toward a dangerous outcome. Filmed on January 25, 2019 in New York.