- The Keynesians in the early 1980s assured us that the Reagan expansion would not and could not happen.
- Mr. Krugman was, for once, at least partly right. How could Reagan not look good after four years of Jimmy Carter's economic malpractice?
- In any case, what Reagan inherited was arguably a more severe financial crisis than what was dropped in Mr. Obama's lap. You don't believe it? From 1967 to 1982 stocks lost two-thirds of their value relative to inflation, according to a new report from Laffer Associates.
Al Fin: "Cowboy Commentary", aka "Eat your veggies" The Flag banner is posted in order to defy those who would make patriotic symbols illegal or disreputable.
Friday, August 26, 2011
WSJ: Obamanonics vs. Reaganomics
One program for recovery worked, and the other hasn't.
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