Today I talked to David Stockman, former director of the Office of Management and Budget under Ronald Reagan, about a bunch of things, among them the problem with Republicans whose analysis (not to mention their advisers) is Keynesian, warnings from Paul Krugman about “austerity,” and more. Here’s the audio link, if you prefer that to a YouTube. (In the YouTube below I cut out some of my post-show banter, but you can hear the full show in its pristine goodness at the audio link.) And of course, read David’s indispensable book, The Great Deformation: The Corruption of Capitalism in America.