Reaganomics Viewed from China

Buckley, Jr., Wm. F.
November 1982
National Review;11/12/1982, Vol. 34 Issue 22, p1436
This article discusses a speech delivered by U.S. President Ronald Reagan on the economic conditions of the country in Beijing, China. According to the author, for what President Reagan calls the five major economic concerns, he correctly lays claim to having done something about four of them. It is stated that inflation is lessened, so are interest rates, so are taxes, so is the rate of growth in government spending. And the left over is unemployment. By using charts the President demonstrated that inflation and deficit spending have had in the past 14 years the effect of giving the Americans ups and downs in the employment rate, but every time they get an up it is lower than the previous up. He further said that inflation, taxes, a cancerous growth of the public sector have contributed to what one calls structural unemployment.


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