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March 01, 2011

Reaganomics: What We Learned

This is a special guest post by Dr. Arthur Laffer, Economic Adviser to President Ronald Reagan.

Art Laffer

Beginning with Ronald Reagan’s presidency (1981-1989), the Keynesian thought that dominated policy through Jimmy Carter’s presidency (1977-1981) was turned on its head and a total change in policy was the order of the day. The U.S. moved to supply-side economics. And, supply-side economic policies frequently were the opposite of Keynesian economic policies. As Keynesian economics is again driving policy decisions in the United States—and on the occasion of President Reagan’s 100th birthday--it’s a good time to remember the legacy of the Real President.

See my full Wall Street Journal Op-Ed here.

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