A Quote by Dave Brat
I like Ronald Reagan, who didn't play crass politics, and he just articulated and delivered on broad themes that were needed. Free markets meant free markets. Deregulation. Lower tax rates. Strong national defense. And he was credible and believable.
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I'd like to talk about free markets. Information in the computer age is the last genuine free market left on earth except those free markets where indigenous people are still surviving. And that's basically becoming limited.
Defense of free markets is where we need to be when establishing a vision for national technology policy.
Government grew under [Ronald] Reagan. He was the strongest opponent of free markets in the post-war history among presidents. But it doesn't matter what the reality is; they concocted an image that you worship.
It is not uncommon to suppose that the free exchange of property in markets and capitalism are one and the same. They are not. While capitalism operates through the free market, free markets don't require capitalism.
National Defense A strong USA defense brought down the Soviet Union. It was Ronald Reagan - first in a speech at Notre Dame University in May 1981, then his 'Evil Empire' speech of March 1983 - who most eloquently declared communism's imminent demise. Reagan was right. And even Soviet officials attribute Ronald Reagan's rhetoric and foreign policy to bringing down that 'evil empire.' By Christmas Day, 1990, the Soviet Union ceased to exist. Liberals wished it were other things.
I prefer for government to err toward less regulation, lower taxation, and free markets. And I'm a radical free trader.
There are no free financial markets in America or, for that matter, anywhere in the Western word, and few, if any, free markets of any other kind.
I don't think it's possible for the Fed to end its easy-money policies in a trouble-free manner. Recent episodes in which Fed officials hinted at a shift toward higher interest rates have unleashed significant volatility in markets, so there is no reason to suspect that the actual process of boosting rates would be any different. I think that real pressure is going to occur not by the initiation by the Federal Reserve, but by the markets themselves.
These people say free markets are the way to go, but wink, wink, the markets aren't really free. They're just a protectionist racket, and we have to pay for it all on every level. It's really quite extraordinary, and immoral, and illegal. These things need to be named, and shamed, and outed, and mocked, and prosecuted.
Well, I think the reality is that as you study - when President Kennedy cut marginal tax rates, when Ronald Reagan cut marginal tax rates, when President Bush imposed those tax cuts, they actually generated economic growth. They expanded the economy. They expand tax revenues.
In the States, I think, the syllogism goes like this: 'free markets solve all problems. Free markets aren't solving global warming, QED global warming is not a problem'. It's not a very good syllogism but it's emotionally comforting if you're in that world.
Fannie and Freddie made two-thirds of all subprime mortgages. That is not a free market institution. That entity, along with the Fed printing too much money back in '03 and '04, caused the housing collapse. So we need to take free markets seriously. That means we have to put an end to all these tax credits and tax deductions and loopholes.
On the one hand, you have markets such as Singapore and Thailand, with an extremely strong inbound booker market and a well-developed tourism industry. You also have markets that are just opening up to tourists, like Myanmar, that have massive growth potential and then markets that are extremely fragmented within themselves such as Indonesia.
In a way, Calvin Coolidge is better than Reagan. His tax rates were lower, and he cut budgets.
Ronald Reagan was the best Ronald Reagan ever, and Ronald Reagan was a cool guy. You're not Ronald Reagan. You can't run as him; you can't relive his career. You can't just have somebody else's career. You have to be you.
The Jacksonians were libertarians, plain and simple. Their program and ideology were libertarian; they strongly favored free enterprise and free markets, but they just as strongly opposed special subsidies and monopoly privileges conveyed by government to business or to any other group.
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