Edwin Meese III

4. Stable Monetary Policy – A restrained growth in money supply balanced a demand to control inflation and maintained the value of the dollar.

Reagan’s plan unshackled the private sector. As he put it:

“Government's view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it."

His policies reduced inflation from almost 13% in 1981 when he took office to 3.2% in 1983. Over his two terms, 20 million new jobs were added, reducing unemployment to 5.3% in 1989.

Can we do this again? Yes, if we follow Mr. Reagan’s common-sense policies. The alternative is an unthinkable acceleration down The Road to Serfdom, described so well by one of Mr. Reagan’s favorite economists, F.A. Hayek.

The Reagan Resolve is a reminder of America’s greatness and a roadmap to steer us off that highway on which we’ve been recklessly speeding.


Edwin Meese III

Edwin "Ed" Meese III (born December 2, 1931 in Oakland, California) served as the seventy-fifth Attorney General of the United States (1985-1988).