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The Cost of the Left-wing's Ongoing Vendetta Against Reagan

By       Message Paul Craig Roberts       (Page 3 of 3 pages) Become a premium member to see this article and all articles as one long page.     Permalink

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As for financial deregulation, it began two presidents after Reagan with the Clinton administration's repeal of Glass-Steagall.

By curing stagflation, Reagan gave the economy a new lease on life. By ending the cold war, Reagan made it possible to curtail Pentagon spending and to balance the budget. It is not Reagan's fault that Washington responded to the Soviet collapse with a new militarism in pursuit of world hegemony. That goal appeared with the neoconservatives' "Project for the New American Century" a decade after Reagan left office.

Yet, the left-wing remains obsessed with Ronald Reagan, wasting its energy in uninformed tirades against an administration that many leftists are too young to have experienced and know nothing about.

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Dr. Roberts was Assistant Secretary of the US Treasury for Economic Policy in the Reagan Administration. He was associate editor and columnist with the Wall Street Journal, columnist for Business Week and the Scripps Howard News Service. He is a contributing editor to Gerald Celente's Trends Journal. He has had numerous university appointments. His books, The Failure of Laissez Faire Capitalism and Economic Dissolution of the West is available (more...)
 

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