opinion

HUDSON: Reagan’s warnings on inflation still ring true

HUDSON: Reagan’s warnings on inflation still ring true

“A President’s greatest responsibility is to protect all our people from enemies, foreign and domestic. Here at home the worst enemy we face is economic — the creeping erosion of the American way of life and the American dream that has resulted in today’s tragedy of economic stagnation and unemployment.” President Ronald Reagan said these words in 1982. However, they ring as true today as ever before. As the crisis on our southern border worsens and inflation reaches new highs, last week Washington liberals ignored these problems and continued their reckless spending spree. The House passed legislation which would once…
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HILL: ‘Inflation is our friend!’

HILL: ‘Inflation is our friend!’

Dan Aykroyd of “Saturday Night Live” had a memorable spoof of President Jimmy Carter’s anti-inflation speech in 1978, where he was ‘quoted’ as saying: “Inflation is our friend. In the year 2000, if current trends continue, the average blue-collar annual wage in this country will be $568,000. Think what this inflated world of the future will mean — most Americans will be millionaires. Everyone will feel like a bigshot. “Wouldn’t you like to own a $4,000 suit, and smoke a $75 cigar, drive a $600,000 car? I know I would!” That may have sounded funny in 1978 when inflation seemed…
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