How The Government Created A Financial Crisis
This column by ACRU General Counsel and Policy Director for the Carleson Center for Public Policy (CCPP) Peter Ferrara was published May 19, 2011 on Forbes.com.
Facing double digit inflation, double digit interest rates and soon to be double digit unemployment, President Reagan came into office with a four point economic program on which he had explicitly campaigned, fundamentally changing the course of American economic policy. As discussed in my recent op-ed, “Reaganomics vs. Obamanomics: Facts and Figures,” those four points were:
- Reduce tax rates sharply to improve incentives for savings, investment, job creation, business start-ups and expansion, […]

