Reagan Economist Lays Out Steps 40th President Took to Kill InflationLarry Kudlow, who served as a top economist in the Reagan White House, said there are some crucial steps the 40th president took to bring down inflation in the early 1980s that would work again now.
The consumer price index, used to measure inflation, hit 9.1 percent in June, the highest annual jump since November 1981 — during the first year of Ronald Reagan’s presidency.
Inflation had been a major problem when Reagan took office, having peaked at over 13 percent in 1979, and it remained nearly that high in 1980 during the last year of Jimmy Carter’s presidency.
By 1982, two years into Reagan’s first term, inflation was down to 3.8 percent, and it remained relatively low for the rest of his time in office.
On Thursday, Fox News host Martha MacCallum said to Kudlow, “We know what Reagan would do. Right? We know that there would be lowering of regulations, lowering of taxes trying to increase growth across the base.”
Kudlow, who also served as a top White House economic adviser to former President Donald Trump, agreed..............
https://www.westernjournal.com/reagan-economist-lays-steps-40th-president-took-kill-inflation/?utm_source=Email&utm_medium=conservative-brief-WJ&utm_campaign=dailypm&utm_content=western-journal&ats_es=549a4754d5e35992733bcf9c6f334ac0
