Yes, it really did. I heard the previous speaker say that the economy had high unemployment and high inflation at the same time. And the simultaneity of inflation/unemployment could not be met by conventional methods of Keynesian Economics.
Jack Kemp discusses the economic challenges during Reagan's presidency and the effectiveness of Reaganomics.
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I said, Mr. President, just follow your instincts in that debate, your instincts are what got you here and that's what will win you the presidency in my opinion.
So Paul Volcker brought down inflation with a very tight monetary policy. And Ronald Reagan deregulated and cut tax rates, not taxes, tax rates.
I do not believe it is a coincidence that McKelvey's forced removal from his post as Director of the U.S. Geological Survey, which is unprecedented in its history, followed closely on the heels of an important speech given by McKelvey to…
Reagan didn't get a balanced budget, but he got the economy growing again, we spent money on defense and I think it's that that defeated the Soviet Union.
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