The Henry Hazlitt Memorial Lecture, presented by David Stockman at the Austrian Scholars Conference, as recorded on 12 March, 2011, at the Ludwig von Mises Institute in Auburn, Alabama.
David Stockman is a former U.S. politician and businessman, serving as a Republican U.S. Representative from the state of Michigan (1977–1981) and as President Ronald Reagan’s Director of the Office of Management and Budget (1981–1985).
When he left government, Stockman joined the Wall St. investment bank Salomon Brothers and later became a partner at the New York–based private equity firm, the Blackstone Group. In 1999, Stockman left Blackstone to start his own private equity fund, Heartland Industrial Partners.
