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Making Sen$e with Paul Solman: Former Reagan Budget Director Argues Against Bailouts, for Financial Discipline | EconEdLink

In "The Great Deformation," David Stockman, former budget director under President Reagan, makes an argument against government economic intervention. Economics correspondent Paul Solman interviews Stockman on why he believes the U.S. bailout of banks after the 2008 financial meltdown perpetuates an unfair economic system.

This video is from the Making Sen$e with Paul Solman video series from PBS. Learn more about these videos and view a listing of the most recent videos we have available.

Key Concepts

Budget Deficit, Economic Equity, Economic Freedom, Economic Security, Role of Government, Tools of the Federal Reserve, Monetary Policy, Special Interest Group, Business Cycles, Monetarist Theory, Recession

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