Opinion | Reagan’s Lessons in Economic Leadership

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President Biden’s signing of the so-called Inflation Reduction Act brings back four-decade-old memories of better economic leadership. On Aug. 13, 1981, President Reagan signed the Omnibus Budget Reconciliation Act into law. It unleashed a quarter-century of American prosperity, which made it possible to restore price stability and win the Cold War.

In this time of harsh rhetoric and political zealotry, it is comforting to remember Reagan not only for what he did for the country but for the kind of man he was. Let me share two previously untold examples of his extraordinary leadership and humanity that I witnessed during the making of the Reagan Revolution.

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