David Stockman Quotes:
Ocupation: Former Director of the Office of Management and Budget
Life: b. November 10, 1946
Birthday: November 10
Then, when the Fed's fire hoses started spraying an elephant soup of liquidity injections in every direction and its balance sheet grew by $1.3 trillion in just thirteen weeks compared to $850 billion during its first ninety-four years, I became convinced that the Fed was flying by the seat of its pants, making it up as it went along. It was evident that its aim was to stop the hissy fit on Wall Street and that the thread of a Great Depression 2.0 was just a cover story for a panicked spree of money printing that exceeded any other episode in recorded human history.
topic: Wall, Fire, Years, Injection, Liquidity, Balance Sheets, Hissy Fits
