“The American economy is not recovering because we’re still in the hangover of 30 years of debt buildup,” David Stockman, the former budget director for Ronald Reagan said in a recent talk at The Nantucket Project, a festival of ideas on Nantucket, MA. 

Stockman’s talk was entitled “This Ain’t Market Capitalism: The Exploding Bubbles Coming to Your Neighborhood Soon Were Made in Washington.”

Watch Stockman’s talk here.