The Great Deformation (144 page)

      
US Main Street economy (after financial crisis) and,
631
,
633
,
634
,
637
,
649
,
652–653

Wealth tax,
710–711
,
712

Weill, Sanford

      
background,
306
,
398

      
Citigroup,
394
,
540

      
Melamed and,
306

Weinberger, Caspar

      
defense budget,
72
,
80–83

      
welfare state,
219

Welch, Jack,
356–357
,
468
,
472

Wells Fargo,
393

Wesley Jessen,
568–569
,
570

Western National,
9

White, Harry Dexter,
237

Whole Foods,
649
,
650

Wigmore, Barrie A.,
157–158

Williamhouse,
565
,
566

Willis, Parker

      
crash of 1929 and,
345

      
Federal Reserve design,
176
,
208
,
209
,
268

Wilson, Charles,
220

Woodin, William,
156
,
161

Works Progress Administration (WPA),
163–166

WorldCom,
479–480
,
481

WPA (Works Progress Administration),
163–166

Wright, Jim,
308–309

Yellen, Janet,
657
,
658

Yeltsin, Boris,
71

ZIRP (zero-interest-rate policy),
369
,
546
,
585
,
630
,
643
,
644
,
657

© CARYL ENGLANDER

DAVID STOCKMAN was elected as a Michigan congressman in 1976 and joined the Reagan White House in 1981. Serving as budget director, he was one of the key architects of the Reagan Revolution plan to reduce taxes, cut spending, and shrink the role of government. He joined Salomon Brothers in 1985 and later became one of the early partners of the Blackstone Group. During nearly two decades at Blackstone and at a firm he founded, Stockman was a private equity investor. Stockman attended Michigan State University and Harvard Divinity School and then went to Washington as a congressional aide in 1970. He is also the author of the number one bestseller
The Triumph of Politics.

PublicAffairs is a publishing house founded in 1997. It is a tribute to the standards, values, and flair of three persons who have served as mentors to countless reporters, writers, editors, and book people of all kinds, including me.

I.F.S
TONE
, proprietor of
I. F. Stone's Weekly
, combined a commitment to the First Amendment with entrepreneurial zeal and reporting skill and became one of the great independent journalists in American history. At the age of eighty, Izzy published
The Trial of Socrates,
which was a national bestseller. He wrote the book after he taught himself ancient Greek.

B
ENJAMIN
C. B
RADLEE
was for nearly thirty years the charismatic editorial leader of
The Washington Post.
It was Ben who gave the
Post
the range and courage to pursue such historic issues as Watergate. He supported his reporters with a tenacity that made them fearless and it is no accident that so many became authors of influential, best-selling books.

R
OBERT
L. B
ERNSTEIN
, the chief executive of Random House for more than a quarter century, guided one of the nation's premier publishing houses. Bob was personally responsible for many books of political dissent and argument that challenged tyranny around the globe. He is also the founder and longtime chair of Human Rights Watch, one of the most respected human rights organizations in the world.

• • •

For fifty years, the banner of Public Affairs Press was carried by its owner Morris B. Schnapper, who published Gandhi, Nasser, Toynbee, Truman, and about 1,500 other authors. In 1983, Schnapper was described by
The Washington Post
as “a redoubtable gadfly.” His legacy will endure in the books to come.

Peter Osnos,
Founder and Editor-at-Large