Two supply-side economists of the Reagan transition team weigh in on Timothy Muris’s “Ronald Reagan and the Rise of Large Deficits” (Winter 2000). Reynolds notes that Reagan’s economic advisors were divided over inflation, not real-growth forecasts, while Roberts emphasizes the Federal Reserve’s unwillingness to break with conventional economic wisdom.

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Other Independent Review articles by Paul Craig Roberts
    Fall 2009   Letter to the Editor
    Spring 2004   My Time with Karl Marx
    Spring 2003   The Causes of Wrongful Conviction
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