2012-03-03cbsnews.com

``spend time with him and you discover this former wunderkind of the Reagan revolution is many other things now - an advocate for higher taxes, a critic of the work that made him rich and a scared investor who doesn't own a single stock for fear of another financial crisis. Stockman suggests you'd be a fool to hold anything but cash now, and maybe a few bars of gold. He thinks the Federal Reserve's efforts to ease the pain from the collapse of our "national leveraged buyout" - his term for decades of reckless, debt-fueled spending by government, families and companies - is pumping stock and bond markets to dangerous heights.''


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