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To: Fiscally Conservative who wrote (150397)5/2/2011 12:11:58 AM
From: Snowshoe1 Recommendation  Read Replies (1) | Respond to of 206181
 
Reagan's administration believed in his policies enough to make sure he stayed at the helm.

Not exactly true. In 1987 Reagan replaced him with Alan Greenspan, who helped usher in the financial deregulation leading to the mess we're in now...

Nobel laureate Joseph Stiglitz said about him in an interview:

Paul Volcker, the previous Fed Chairman known for keeping inflation under control, was fired because the Reagan administration didn't believe he was an adequate de-regulator. .[10]


en.wikipedia.org