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Making Sen$e with Paul Solman: Former Reagan Budget Director Argues Against Bailouts, for Financial Discipline
Source: Council for Economic Education (EconEdLink) | Type: Interactive Tool
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.
Grades:
Concepts:
- Budget Deficit
- Business Cycles
- Economic Equity
- Economic Freedom
- Economic Security
- Monetary Policy
- Recession
- Role of Government
- Special Interest Group
- Tools of the Federal Reserve
Standards:
- Economics 9: Role of Competition
- Economics 10: Role of Economic Institutions
- Economics 17: Using Cost/Benefit Analysis to Evaluate Govern
- Economics 18: Macroeconomy-Income/Employment, Prices
- Economics 20: Monetary and Fiscal Policy
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