Reagan Inherited a Financial Crisis Too

Special Edition - Thursday, February 12th, 2009

The solution to the current financial crisis lies in the words of the late, great President Ronald Reagan.

“We who live in free market societies believe that growth, prosperity and ultimately human fulfillment, are created from the bottom up, not the government down. Only when the human spirit is allowed to invent and create, only when individuals are given a personal stake in deciding economic policies and benefiting from their success — only then can societies remain economically alive, dynamic, progressive, and free. Trust the people. This is the one irrefutable lesson of the entire postwar period contradicting the notion that rigid government controls are essential to economic development.”

September 29, 1981

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