Reagan began the process of globalization. He started the ball rolling on “free trade” and “open markets.” He also created trade deficits unseen before in the United States. He ushered in the next two decades when trade deficits fell off a cliff.

Image for post
Image for post
Image for post
Image for post

You’ll notice in the last article what Reagan kept telling the American people. “We’ll only end up in a recession if you stop spending.” It was his mantra. So, yes, he is responsible for people overspending.

Chances are I have a migraine. My spirit guides are Voltaire & Bierce. Considering making SJW into a religion. Genealogist

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store