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The Great Deformation: the corruption of capitalism in America
is a searing look at Washington's craven response to the recent myriad of financial crises and fiscal cliffs. It counters conven-tional wisdom with an eighty-year revisionist history of how the American state especially the Federal Reserve-has fallen prey to the politics of crony capitalism and the ideologies of fiscal stimulus, monetary central planning, and financial bail-outs. These forces have left the public sector teetering on the edge of political dysfunction and fiscal collapse and have caused America's private enterprise foundation to morph into a spec-ulative casino that swindles the masses and enriches the few.
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