"Trust the People"
The "Reagan earthquake" still reverberates through the world economy
|Nearly a quarter-century after the Reagan earthquake first rocked our economy, the aftershocks are still a very real and continuing phenomenon. Every tax cut, every regulatory stranglehold broken, every economic shackle unlocked, and every despot or totalitarian regime toppled increases freedom, creativity and entrepreneurship. And in the ultracompetitive world that has sprung from the ashes, "old line" hegemony and subjugation lose their strength.
As Ronald Reagan said in 1981, "We who live in free market societies believe that growth, prosperity and ultimately human fulfillment, are created from the bottom up, not the government down. Only when the human spirit is allowed to invent and create, only when individuals are given a personal stake in deciding economic policies and benefiting from their success--only then can societies remain economically alive, dynamic, progressive and free. Trust the people." ...