NOTE FROM THE PUBLISHER:It's Not Over
Regnery, Alfred S.
N O T E F R O M T H E P U B L I S H E R It’s Not Over by Alfred S. Regnery HE AGE OF REAGANOMICS, proclaimed Chuck Schumer, and the philosophy that Ronald Reagan brought to Washington, is...
...4 THE AMERICAN SPECTATOR F E B R U A R Y 2 0 0 7...
...Let me remind you, Chuck, what the mainstream media (there wasn’t much else in those days) had to say...
...Higher taxes, more government spending, expanded federal programs, and less trade...
...EST, Monday through Friday...
...Schumer ought to remember that it was his mentor, John Maynard Keynes, who said, “The ideas of economists… are more powerful than is commonly understood...
...Schumer to the contrary notwithstanding, peeking around the corner of pending bills...
...Senator-from-New York thinks he controls the Senate by one vote and the House by a few more, and that kills the idea of lower taxes, less regulation, and a free-market economy...
...Indeed the world is ruled by little else… sooner or later, it is ideas, not vested interests, which are dangerous for good or evil...
...N O T E F R O M T H E P U B L I S H E R It’s Not Over by Alfred S. Regnery HE AGE OF REAGANOMICS, proclaimed Chuck Schumer, and the philosophy that Ronald Reagan brought to Washington, is over at last...
...Do you not remember Jimmy’s “misery index”—the sum of the inflation rate and unemployment...
...Over the past half century, most of the economies of the world, and thus the fate of most nations, have been transformed from closed or planned market systems to free ones, and what Mr...
...So what are the ideas that Mr...
...Keep an eye on what the Democratic Congress does, and my guess is that you will see a bit of Reaganomics, Mr...
...The Honorable Mr...
...Win an election, win back the Congress, and all is solved...
...Of course, Keynes’s ideas have been largely discredited, replaced by much better ideas—those of the free-market boys—Hayek, Milton Friedman, Art Laffer, and the rest of the Reaganites...
...Schumer calls Reaganomics is just part of that process...
...Don’t you recall, Senator, what things were like before Reaganomics...
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...Ideas don’t die...
...That is not going to change just because Democrats took over the Congress —which is a very good reason for conservatives not to be dispirited...
...Please direct all future subscriptionbased correspondence to: The American Spectator P.O...
...Liberals like to think of things in the short term...
...Thinkers, economists, and professors may have the ideas, but it is up to the politicians to implement them, and not much that is lasting gets implemented politically without good ideas as a foundation...
...Schumer is going to substitute for those of free-market economics...
...Alfred S. Regnery, publisher of The American Spectator, is writing a book on the conservative movement...
...Schumer included, went around the country recruiting “blue dog Democrats”—or did they call them conservative Democrats...
...But guess what...
...When Ronald Reagan steps into the White House next week,” said Newsweek, “he will inherit the most dangerous economic crisis since Franklin Roosevelt took office 48 years ago...
...Reaganomics still reigned supreme, and with a Republican Congress to keep him in check, Clinton let well enough alone...
...So Mr...
...We apologize, in advance, for any inconvenience this may have caused...
...That is why so many Republicans lost their elections in November, and why the Democrats, Mr...
...Don’t you remember the “stagflation” of the Carter years...
...Eight years later, when Reagan left office, it was 9.72...
...Well, Senator, it ain’t over, and won’t be for the longest time...
...And anyway, as glib a politician as you may be, you really wouldn’t want it to be over, either...
...And please don’t hide behind the Clinton years, Chuck...
...It was 21.98 at the end of the Carter years...
...Any change is unfortunately not without some casualties of war, so if you have missed an issue recently, or if a renewal notice was returned to you this past fall, please send us an e-mail at amspec@spectator.org so that we might assist you in resolving these matters...
Vol. 40 • February 2007 • No. 1
