I would have used an even stronger word. Mr. Stockman is right about a lot of things (in his area of expertise), and dead wrong about some other things he mentions – for no apparent reason – in this article.
Also, I’m pretty sure that “Brobdingnagian” should be capitalized (the same as “Lilliputian” would be).
The Debt doubles about every 8 years. So expect closer to $40T when The Donald leaves second term. How much will the SARS-CoV-2 Pandemic add on top of the existing madness? Bailout companies? Airlines again?
A true Free Market would adjust for dwindling resources. The Central Banks (opposite of Free Market; Karl Marx Manifesto) have short-circuited that adjustment.