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22 Apr 2019, 9:01 pm
Reagan represented a lurch to the right, embracing race-baiting strategies and relying on true-believing “free market” activists wearing Adam Smith neckties (who thus showed that they actually knew nothing about Smith, but never mind).The Federal Reserve then engineered a deep recession (to fight inflation), which combined with a foreign policy crisis to allow Reagan to pull off a surprise win. [read post]