The Austrian
Author:
William L. Anderson
Online Publish Date:
raged in double-digits, and Reagan had promised to deal with the economic failures by cutting income tax rates, slashing government spending, and reducing the with something else in 1982 that threatened to turn his presidency into a one-term failure: a major recession in which the nation’s unemployment rate rose to above 10 that interest rates generally should be lower than they would be if set by the market. This difference of thinking is crucial. Keynesians demand an economic version