Stockman’s chief economist at the Office of Management and Budget—who left in 1983 to earn a fortune on Wall Street, then become a cocaine addict and TV pundit—said that Feldstein “has failed at making the transition from academic economist to political economist.” That was thirty-six-year-old Larry Kudlow, defining political economist to mean not an expert on political economics but an economist willing and eager to dissemble and lie to suit his political masters, thirty-five years before he returned to government work as Trump’s director of the National Economic Council.
