Sunday, April 24, 2011

History repeats

"FDR embraced policies that aimed to stop prices and wages from correcting and embarked on the boldest federal intrusion of the private sector in the history of the U.S.—all justified by a crisis made worse by previous attempts to stop prices and wages from correcting.  And when his policies didn't cause the promised happy days to return again, the golden tongued-FDR could be counted on to shift the blame—to Hoover, the Republicans, greedy businessmen, flaws in the free enterprise system."
- http://mises.org/daily/1816

There was a better answer, once...

As President, Reagan sought to inspire renewed confidence in the nation.  In his Inaugural Address, he declared, "Government is not the solution to our problem; government is the problem."  Reagan also sought to inspire a belief in freedom abroad, especially among those living in Communist countries.  During his second term, Reagan and his counterpart in the Soviet Union, Mikhail S. Gorbachev, negotiated reductions in nuclear arsenals and helped bring about an end to the Cold War.

Distinguished by his charisma and oratorical skills, Reagan is considered one of the most influential Presidents of the 20th century.
- U.S. Postal Service, Ronald Reagan Centenial Stamp

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