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21 sats \ 2 replies \ @Bell_curve 31 Jul \ parent \ on: Deconstructing Mileinomics econ
The Carter years were horrible. Reagan changed that. Inflation fell to 5 percent after a decade of double digit inflation. The economy grew by 7 percent in 1983 and 1984 after a decade of stagflation. The Berlin Wall fell in 1989 after he said tear down that wall in his 1987 speech in Berlin. The Cold War ended because the Russians were scared by Star Wars defense initiative. On his first day in office Iran freed the hostages.
He made Americans feel great again and confident about the future. He fixed the crisis of confidence in America
Being not as bad as Carter doesn't mean he lived up to his rhetoric. The budgets were out of control. The military industrial complex metastasized.
The Cold War ended because central planning doesn't work and the Soviet Union collapsed under the weight of their accumulated misallocations.
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Spending was high because he increased defense spending which became dangerously low under detente
of course central planning doesn't work and yet it continues no thanks to academia
The end of the Soviet Union has increased support for capitalism and freedom? lol, the opposite
Kamala Harris: equality isn't enough, we need equity and equal outcomes
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