25 Years Ago in Reason

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“By spending $200 billion more than they take in each year, our President and Congress have doubled the national debt in just four yearsâ€"from $1 trillion to $2 trillion. Interest alone is now eating up $150 billion a year.”

â€"Robert Poole Jr., “Who Should  Sacrifice?”

“The comparisons between the 1980s and the 1920s are alarming. First, as in the ’20s, Americans have a careless attitude about debt.…Despite Reagan’s so-called economic recovery, homeowners are defaulting on mortgages in record numbers, and banks and savings institutions are going bankrupt at the highest level since the depression.”

â€"Mark Skousen, “Back to the Roaring Twenties?”

“American consumers are getting wise to the regulated-monopoly con, and it doesn’t take subterfuge for them to make their case.”

â€"Marvin Olasky, “Hornswaggled!”

 â€"February 1986

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