David Stockman

Here we go again. The “Joe Biden” thing just started another war in Yemen without a constitutionally compliant declaration by Congress. And it/they did so against a rag-tag tribe of desert insurgents who cannot possibly harm the liberty or security of the American homeland. After all, the most fearsome missile possessed by the Houthi is … Continue reading “To Hell With Fighting the Houthis!”

This is part 3 of “Why There Is Still No Peace on Earth: Washington’s Folly From The Persian Gulf to Ukraine.”  Read part 1. Read part 2. Another Christmas and there is still no peace on earth. And the proximate cause of that vexing reality is the $1.3 trillion Warfare State planted on the banks … Continue reading “No Peace on Earth? Blame Woodrow Wilson”

The graph below embodies a shit-ton of modern political, policy and financial history, even if on the surface its seems prosaic enough. Literally, it tracks in 2023 dollars of purchasing power the rise of the public debt since 1966. To be sure, 1966 did have some claim to being an inflection point in modern fiscal … Continue reading “The Neocon Rot in the GOP Empowered the Warfare State”

This is part 2 of “Why There Is Still No Peace on Earth: Washington’s Folly From The Persian Gulf to Ukraine.”  Read part 1. THE FIRST GULF WAR – A CATASTROPHIC ERROR Confronted with the greatest opportunity for global peace in nearly a century, George H. W. Bush did not hesitate:  Upon the advice of … Continue reading “How American Neocons Wrecked the Middle East and Ukraine”

After the Berlin Wall fell in November 1989 and the death of the Soviet Union was confirmed two years later as Boris Yeltsin courageously stood down the Red Army tanks in front of Moscow’s White House, a dark era in human history came to an abrupt end. The world had descended into a “77-Years War”. … Continue reading “Reflections on Another Truce: Why There Is Still No Peace on Earth”

When you are faced with an existential threat to your very national survival, this is what you do. You mobilize your economy for all-out struggle and impose heavy-duty “War Taxes” to pay for a dramatic build-up of military capabilities. For instance, between 1939 and 1945 Federal government receipts rose nearly seven-fold – from $6 billion … Continue reading “Uncle Sam Doesn’t Have One Thin Dime for Joe Biden’s $106 Billion War Package”

What a day for another $106 billion imperial boondoggle. There is not one dime in “Joe Biden’s” war package that enhances the safety and security of the American homeland, yet all of it is being blithely charged to Uncle Sam’s vastly over-extended credit card. Nor should you take our word for it. What’s left of … Continue reading “Joe Biden’s Hideous $106 Billion War Package”

This is part 3 in a series.   Read part 1 here.  Read part 2 here. When the Cold War officially ended suddenly in 1991 Washington had one more chance to pivot back to the pre-1914 status quo ante. That is, to a national security policy of Fortress America  because there was literally no significant military … Continue reading “Why the American Empire Was Expanded to Ukraine and Taiwan”

This is part 2 in a series.   Read part 1 here. Even John Maynard Keynes, who was a British Treasury official at Versailles, could see that the Carthaginian Peace Treaty confected there would only sow the seeds of economic breakdown in Germany and throughout much of warn-torn Europe. In his famous tract, The Economic Consequences … Continue reading “How Woodrow Wilson Set the Stage for WWII”

The Indispensable Nation thesis originates not in the universal condition of mankind and the nation-states into which it has been partitioned. Instead, it stems from an erroneous take on the one-time, flukish and historically aberrant circumstances of the 20th century that gave raise to giant totalitarian states in Hitler’s Germany and Stalin’s Russia, and the … Continue reading “The Myth of the Indispensable Nation and the Quagmire of Forever Wars”