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The Myths of Reaganomics
Rothbard, Murray N. http://mises.org/daily/1544
Year Published: 1988 First Published: 1987
Resource Type: Article
How well did Reagan succeed in cutting government spending, surely a critical ingredient in any plan to reduce the role of government in everyone's life? In 1980, the last year of free-spending Jimmy Carter the federal government spent $591 billion. In 1986, the last recorded year of the Reagan administration, the federal government spent $990 billion, an increase of 68%. Whatever this is, it is emphatically not reducing government expenditures.
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