PART III
4. Macro-Reaganomics: Money
Now that the American people are inured to expect inflation, there is only one way to stop our chronic and accelerating inflation: by stopping, immediately, sharply, and once-and-for-all, the Federal Reserve’s continual creation of new money, that is, to stop its counterfeiting. It has to be done sharply and swiftly to be credible, [...]

When Ronald Reagan highlighted a quote from Franklin D. Roosevelt in his acceptance speech at the 1980 Republican convention, it seemed like a clever tactical ploy to gain the votes of blue-collar workers with long memories. But it has since become clear that this was a mark of genuine devotion, and that FDR truly serves [...]