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President Reagan had a gift for proving his critics wrong. Almost none of the leading economists of the late 1970s thought that his supply-side, tax-cutting agenda, along with stable monetary policy and deregulation, could revive the U.S. economy. But the prosperity of the 1980s, with growth rates higher than 6 percent, proved the Gipper correct. An economics major from Eureka College understood our free-market system better than the so-called experts at Harvard, Yale and MIT.
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