Reagan’s Lessons in Economic Leadership.
President Biden’s signing of the so-called Inflation Reduction Act brings back four-decade-old memories of better economic leadership. On Aug. 13, 1981, President Reagan signed the Omnibus Budget Reconciliation Act into law. It unleashed a quarter-century of American prosperity, which made it possible to restore price stability and win the Cold War.
We would like to share the commentary by Senator Phil Gramm, which originally appeared in The Wall Street Journal, August 16, 2022.
(https://www.wsj.com/articles/reagan-backed-a-better-budget-bill-1981-social-security-spending-recession-inflation-reduction-act-biden-leadership-11660675596?mod=hp_opin_pos_5#cxrecs_s)
