Eric King: “When President Reagan called upon people like you and Dr. Paul Craig Roberts to save the United States from collapse (in 1981), did you ever dream we would see what we have going on today? Did you ever think that would materialize?”
Stockman: “No. It was inconceivable. I think it would have been inconceivable as recently as 1998, or the year 2000, that the Fed would be taken over by academic monetary central planners that would throw out 100 years or 200 years of sound money doctrine. That would recklessly and wantonly turn on the printing presses, and not just for a short emergency but now into the fifth year….
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