Stockman Thanks Krugman for Boosting Book: D.C. Scene

Tap for Slideshow
Photographer: Stephanie Green/Bloomberg

David Stockman, author of "The Great Deformation."

Close
Photographer: Stephanie Green/Bloomberg

David Stockman, author of "The Great Deformation." Close

David Stockman, author of "The Great Deformation."

Photographer: Stephanie Green/Bloomberg

Ali Ahmad, the communications adviser for the Committee on Oversight and Government Reform. Close

Ali Ahmad, the communications adviser for the Committee on Oversight and Government Reform.

Photographer: Stephanie Green/Bloomberg

Dennis Hooks, retail banking leader for Equifax Financial Services Group, and Jennifer Blei Stockman, president of the board of trustees of the Solomon R. Guggenheim Foundation. Close

Dennis Hooks, retail banking leader for Equifax Financial Services Group, and Jennifer Blei Stockman, president of... Read More

Photographer: Stephanie Green/Bloomberg

Robert O'Hara, director of "The Mountaintop," Joaquina Kalukango, an actress in the play, and Bowman Wright, the actor portraying Martin Luther King. Close

Robert O'Hara, director of "The Mountaintop," Joaquina Kalukango, an actress in the play, and Bowman Wright, the... Read More

Photographer: Stephanie Green/Bloomberg

Andrea Steele, and Michael Steele, the former chairman of the Republican National Committee. Close

Andrea Steele, and Michael Steele, the former chairman of the Republican National Committee.

Photographer: Stephanie Green/Bloomberg

Harold Ford, Sr, the former Tennessee congressman, and Michelle Ford. Close

Harold Ford, Sr, the former Tennessee congressman, and Michelle Ford.

David Stockman credits his harshest critic, Nobel Prize-winning economist Paul Krugman, for boosting sales of his new book, “The Great Deformation: The Corruption of Capitalism in America.”

Stockman, a former Michigan congressman and director of the Office of Management and Budget in the Reagan administration, celebrated at last night’s book party at Qorvis Communications LLC headquarters in downtown Washington.

Krugman referred to Stockman in a New York Times blog post as a “cranky old man” for his book’s sharp criticism of the Federal Reserve and government spending, unleashing a flurry of debate.

“I owe him a commission, if I can find his address,” Stockman said, adding that the book soared on Amazon after the Krugman piece went viral.

Stockman called political parties “glorified concierges” for hooking politicians up with money. He characterized the book less as an indictment and more of “a diet book” to get Uncle Sam back in shape.

He said his detractors can use the 700-page tome as a “doorstop” if they find the content unpalatable.

(Stockman agreed to pay the Securities and Exchange Commission $7.2 million to settle allegations he misled investors at auto-parts maker Collins & Aikman Corp.)

Among his supporters at the reception was Diane Lim, the chief economist at Pew Charitable Trusts, who praised Stockman’s first book “The Triumph of Politics: Why the Reagan Revolution Failed.” “I read it when I was much younger,” she told a smiling Stockman.

First Edition

Stan Collender, a fellow author and Qorvis’s national director of financial communications, brought along his prized first edition of “Triumph” for Stockman to sign.

Also in the queue for a signing was Ali Ahmad, the communications adviser for the Committee on Oversight and Government Reform, who told Stockman that the committee’s chairman, Darrell Issa, used quotations from Stockman’s writings for a letter he sent to Fed Chairman Ben Bernanke.

Stockman’s wife, Jennifer Blei Stockman, the president of the board of trustees of the Solomon R. Guggenheim Foundation, said she took a break from book promoting to check out the Albrecht Durer exhibition at the National Gallery of Art earlier in the day.

King Play

On the 45th anniversary of the assassination of Martin Luther King, Jr., former congressman Harold Ford, Sr., and Supreme Court Justice Ruth Bader Ginsburg attended Arena Stage’s opening night of “The Mountaintop,” a play which reimagines King’s final night at the Lorraine Motel in Memphis.

Ford, who represented Memphis in Congress, recalled being with King just days before the April 4 shooting while former Republican National Committee Chairman Michael Steele recounted being a child on a bus with his mother when he heard the news in Washington.

Arena held a VIP reception before the show and an after party with the cast and director.

(Stephanie Green is a writer and photographer for Muse, the arts and leisure section of Bloomberg News. Any opinions expressed are her own.)

Muse highlights include Zinta Lundborg on weekend pursuits, Greg Evans and Craig Seligman on movies.

To contact the writer on this story: Stephanie Green in Washington at sgreen57@bloomberg.net or on Twitter @stephlgreen.

To contact the editor responsible for this story: Manuela Hoelterhoff at mhoelterhoff@bloomberg.net.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.