I have to admit to being alternately puzzled and depressed that I seemed to be the only libertarian with a major public platform to take a nuanced view of Donald Trump. After all, many of his foreign policy positions echo the libertarian critique of our interventionist foreign policy – and his enemies are, in large part, our enemies. However, with the publication of David Stockman's Trumped!: A Nation on the Brink of Ruin, and How to Bring It Back, I see that I am not alone.

Stockman's thesis is that Trump is essentially right about the decline of American greatness, that the system is rigged, and that a ruthlessly self-centered elite has prospered at the expense of the rest of us. The American economy, and indeed our society, has been hideously deformed by the monetary policies of the Federal Reserve and our spendthrift political class: