What Really Happened In 1981

This article appeared in the Fall 2000 issue of The Independent Review Forward by Alan Reynolds Timothy Muris’s otherwise excellent piece “Ronald Reagan and the Rise of Large Deficits” (Independent Review 4 [winter 2000]: 365-76), necessarily misses some fascinating details known only to those of us who were actually there. The transition team began operating out of David Stockman’s congressional…

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