THOSE OF US who believe in the goals of the Reagan revolution had better face up to the consequences of the last two years. We called for boom and got something very close to bust. We called for a balanced budget and got record-shattering deficits. We called for a restoration of capital markets so business could borrow money for long periods at reasonable interest rates, and we got a devastating credit crunch.
President Reagan was elected to end inflation and restore the economy. He is moving in that direction…but the economic program will not work without a BALANCED BUDGET and the GOLD STANDARD.
Inflation is the transcendent issue of our times. Inflation is to our generation what depression was to our grandparents. Inflation, if not stopped, will revolutionize our nation and its social institutions.