David Stockman was one of the architects of the Reagan Revolution which in his opinion was "meant to restore sound money principles to the U.S. government." In The Great Deformation Stockman explores why the Reagan Revolution failed – derailed by politics, special interests, welfare, and warfare. In The Great Deformation Stockman describes how the working of free markets and democracy has long been under threat in America, and provides a nonpartisan, surprising catalog of the corrupters and defenders. His analysis overturns the assumptions of Keynesians and monetarists alike, showing how both "liberal" and "neo-conservative" interference in markets has proved damaging and often dangerous. Over time, he argues, crony capitalism has made fools of us all, transforming Republican treasury secretaries into big government interventionists, and populist Democrat presidents into industry wrecking internationalists. Today's national debt stands at nearly $16 trillion. Divided equally among taxpayers, each of us is $52,000 in debt. Stockman explains our current situation – and why what he calls warped crony capitalism has betrayed so many of our hopes and dreams.