The Myths of Reaganomics

[Kevin_Kennedy]

Another article by a writer suffering the delusion that Reagan ran Congress.

Also, what we bought with the deficits from the military build-up was the collapse of the Democrat hometeam: the USSR.

Finally, Reagan deficit were peanuts compared to what Democrats are doing today, and all we have to show for it is creeping Fascism as the Democrat National Socialist Federal Gubbamint gobbles down one whole industry after another.

The Soviet Union collapsed under its own unsustainable economic system. It had nothing to do with the U.S. going into debt.

Sure it did. Sure it did.

Reagan just happened to be there at the time and coincidentally promised to send them to the ash heap of history at the same exact time as Gobry realized he should disband.

Fucking Tool.

So what did our spending on our military do to the Soviet Union? Scare them into collapsing?

 

[Truthmatters]

The history is not there for you to rewrite.

They failed because their system was a sham and a piece of shit type of government.

Communisn doesnt work.

Reagan did not prove that, communism did.

 

[Tom Clancy]

The history is not there for you to rewrite.

They failed because their system was a sham and a piece of shit type of government.

Communisn doesnt work.

Reagan did not prove that, communism did.

Neither is it for you to Rewrite.. For Example when you failed to understand the Meaning of Classic Liberalism..

Communism failed because of Corruption and simply because it's a Failed Ideology.

Reagan proved that instead of Constant Aggression try and become Friendly to your Enemy.. Which is what he did with Gorbachev.

That's something you can't deny.

 

[The Rabbi]

The Soviet Union collapsed under its own unsustainable economic system. It had nothing to do with the U.S. going into debt.

Sure it did. Sure it did.

Reagan just happened to be there at the time and coincidentally promised to send them to the ash heap of history at the same exact time as Gobry realized he should disband.

Fucking Tool.

So what did our spending on our military do to the Soviet Union? Scare them into collapsing?

It forced them to spend an ever larger amount of their GDP on the military, which isn't productive.
Had you been around at the time you would have remembered this. In case you weren't you can read Gorbachev;s memoirs where he says just this.

 

[Truthmatters]

Reagan nearly started WWIII when in office.

He was NOT the one who talked Gorby to the table, it was Gorby who talked him too the table.

You only get your history from right wing sources which constantly lie about the reagan record.

 

[Charles_Main]

You can't kill it. It is given by the Prophet and shall rise again, above reproach and beyond the comprehension of mere men.


Reaganomics is fiscal Jesus

It can be killed, Bill Clinton did, Bush younger revived it, Obama must kill it again. Reaganomics put the country in a 1.1 trillion dollar deficit before Obama took office, Republicans need to let it go.

Really and what is the Deficit now that Obama is in office?

Fools.

 

[The Rabbi]

Reagan nearly started WWIII when in office.

He was NOT the one who talked Gorby to the table, it was Gorby who talked him too the table.

You only get your history from right wing sources which constantly lie about the reagan record.

I get my information from having been there during that time.
You get your information from the voices in your head. It must suck being as stupid and ignorant as you are.

 

[Tom Clancy]

Reagan nearly started WWIII when in office.

He was NOT the one who talked Gorby to the table, it was Gorby who talked him too the table.

You only get your history from right wing sources which constantly lie about the reagan record.

He did? Odd.. Proof? Source? Or just plain Bullshit from Reagan Haters like you?

Actually I don't.. I get my History from Books and Wikipedia.. Not to mention the fact i learned both US Government, and World History as my Honor Classes..

Reagan has it's good, and it's bad..

But apparently according to you everything he did was Bad..

Sad.

 

[Kevin_Kennedy]

Sure it did. Sure it did.

Reagan just happened to be there at the time and coincidentally promised to send them to the ash heap of history at the same exact time as Gobry realized he should disband.

Fucking Tool.

So what did our spending on our military do to the Soviet Union? Scare them into collapsing?

It forced them to spend an ever larger amount of their GDP on the military, which isn't productive.
Had you been around at the time you would have remembered this. In case you weren't you can read Gorbachev;s memoirs where he says just this.

Communism isn't productive in and of itself and ultimately collapses. Certainly wasting money on their military added to their problems, but the system itself was the main problem.

 

[edthecynic]

You can't kill it. It is given by the Prophet and shall rise again, above reproach and beyond the comprehension of mere men.


Reaganomics is fiscal Jesus

It can be killed, Bill Clinton did, Bush younger revived it, Obama must kill it again. Reaganomics put the country in a 1.1 trillion dollar deficit before Obama took office, Republicans need to let it go.

Really and what is the Deficit now that Obama is in office?

Fools.

It was $10 Trillion when Bush II left office, most of which came from Reagan, Bush I and Bush II. Of course, when the GOP was running up the debt we were told deficits don't matter. Now suddenly deficits matter.

"Reagan proved deficits don't matter."
Dick Cheney

'I don't worry about the deficit. It's big enough to take care of itself.'
Ronald Reagan

 

[The Rabbi]

So what did our spending on our military do to the Soviet Union? Scare them into collapsing?

It forced them to spend an ever larger amount of their GDP on the military, which isn't productive.
Had you been around at the time you would have remembered this. In case you weren't you can read Gorbachev;s memoirs where he says just this.

Communism isn't productive in and of itself and ultimately collapses. Certainly wasting money on their military added to their problems, but the system itself was the main problem.

The system in the USSR lasted for 70 years. Before Reagan no one was predicting its collapse. It continues on in Cuba, despite widespread prediction of collapse when the USSR went away, and N.Korea.

 

[Kevin_Kennedy]

It forced them to spend an ever larger amount of their GDP on the military, which isn't productive.
Had you been around at the time you would have remembered this. In case you weren't you can read Gorbachev;s memoirs where he says just this.

Communism isn't productive in and of itself and ultimately collapses. Certainly wasting money on their military added to their problems, but the system itself was the main problem.

The system in the USSR lasted for 70 years. Before Reagan no one was predicting its collapse. It continues on in Cuba, despite widespread prediction of collapse when the USSR went away, and N.Korea.

Wrong. Ludwig von Mises and the Austrian economists predicted the collapse of the Soviet Union.

 

[The Rabbi]

Communism isn't productive in and of itself and ultimately collapses. Certainly wasting money on their military added to their problems, but the system itself was the main problem.

The system in the USSR lasted for 70 years. Before Reagan no one was predicting its collapse. It continues on in Cuba, despite widespread prediction of collapse when the USSR went away, and N.Korea.

Wrong. Ludwig von Mises and the Austrian economists predicted the collapse of the Soviet Union.

OK. No one anyone paid attention to.
When did they do this,btw?

 

[Kevin_Kennedy]

The system in the USSR lasted for 70 years. Before Reagan no one was predicting its collapse. It continues on in Cuba, despite widespread prediction of collapse when the USSR went away, and N.Korea.

Wrong. Ludwig von Mises and the Austrian economists predicted the collapse of the Soviet Union.

OK. No one anyone paid attention to.
When did they do this,btw?

Maybe they should've paid attention.

All along. Read their books. Socialism by Mises would be an excellent start.

 

[The Rabbi]

First published in 1922.
Give me a break.

 

[Oddball]

Neither is it for you to Rewrite.. For Example when you failed to understand the Meaning of Classic Liberalism..

Communism failed because of Corruption and simply because it's a Failed Ideology.

Reagan proved that instead of Constant Aggression try and become Friendly to your Enemy.. Which is what he did with Gorbachev.

That's something you can't deny.

That and call their bluff when you know they're bluffing...Which he did in Reykjavik.

 

[Tom Clancy]

Neither is it for you to Rewrite.. For Example when you failed to understand the Meaning of Classic Liberalism..

Communism failed because of Corruption and simply because it's a Failed Ideology.

Reagan proved that instead of Constant Aggression try and become Friendly to your Enemy.. Which is what he did with Gorbachev.

That's something you can't deny.

That and call their bluff when you know they're bluffing...Which he did in Reykjavik.

You mean the Meeting that took in Reyjavik?

 

[Toro]

Reagan's biggest positive legacy was deregulation and lowering taxes.

Reagan's biggest negative legacy was massive deficits, and imbuing into the DNA of the Republican party that you can cut taxes and balance the budget.

What most people don't know is that much of the economic boom was funded by lower interest rates, which was primarily caused by Paul Volcker's successful fight against inflation.

Reagan didn't have much to do with inflation. That credit belongs to Volcker and the Fed. Volcker is regarded as maybe the greatest Fed Chairman of all time, and Reagan fired him and appointed Alan Greenspan, perhaps the worst Fed Chairman of all time (though, in fairness, he was re-appointed by Bush I and Clinton).

 

[uscitizen]

Todays Republicans hold Ronald Reagan and his economic policies up as some kind of blueprint for fiscal responsibility for reducing deficits and and reducing the role of government, well see the facts for yourselves.

The Myths of Reaganomics - Murray N. Rothbard - Mises Daily


Why don't the Republicans let Reaganomics just dieinstead of trying to revive it?

Layig aside for the sake of your bias the facts that the country was on the same trajectory then that it is now and that Reaganomics changed that trajectory and set the stage for the 90's boom, let's check the numbers.

Federal Deficit and Debt (Nominal dollars, in millions)1
Debt as a percentage
Year Deficit Debt of that year's GDP
1979 -$40,183 -$828,923 34%
1980 -73,835 -908,503 34
1981 -78,976 -994,298 34
1982 -127,989 -1,136,798 36
1983 -207,818 -1,371,164 41
1984 -185,388 -1,564,110 42
1985 -212,334 -1,816,974 46
1986 -221,245 -2,120,082 50
1987 -149,769 -2,345,578 53
1988 -155,187 -2,600,760 54
1989 -152,481 -2,867,538 55
1990 -221,384 -3,206,207 59
1991 -269,521 -3,598,303 63
1992 -290,403 -4,001,941 67


Now check the deficits of the Big 0. Either year of his failed pesidency amount to a greater total than all 8 years of Reagan. And what to show for it? Everything is worse.

The country divides into two groups: Those who remember what the Carter years felt like and those who will find out.

Umm our debt has interest included for past debt.
It is rapidly becoming a more notable part of the budget.
When reagan took office I think the national debt was comething like 800 billion.

 

[Kevin_Kennedy]

First published in 1922.
Give me a break.

I don't see the point of your objection. Mises shows that socialism in any form is unsustainable, what does it matter if it was in 1922?