Source:Uncommon Knowledge With Peter Robinson– interviewing Professor Milton Friedman, in 1999.
“Milton Friedman vs Bill Clinton (1999) Debunking Climate Policy, The FDA & More!”
From Basic Economics
I disagree with Professor Friedman’s comments about the Reagan economy versus the Clinton economy. The reason for the economic boom of the mid and late 1990s wasn’t because Ronald Reagan. Reaganomics gave us the high inflation, high interest rates, the deficits, and recession of the early 1990s. The Reagan boom was from 1983-89 and then the economy slowed down dramatically starting in 1990 and then we’re in recession by 1991.
The economic boom of the 1990s happened because of the new tech boom, the free trade agreements that were passed and negotiated by President George H.W. Bush and President Clinton of the early 1990s, as well as the deficit reduction acts of that period from both President’s and two Congress’s in 1990 and 93. Not because President Reagan and Congress cut taxes and regulations in the early 80s.