One of his first acts as President was to end price controls on petroleum. The New York Times condescendingly dismissed Reagan's reliance on the free market and repeated widespread predictions of "declining domestic oil production" and skyrocketing gasoline prices.(Sound familiar to what is happening under Trump?)
The price of gasoline fell by more than 60 cents a gallon.
When Ronald Reagan referred to the Soviet Union as an "evil empire," there were howls of disapproval in the media. When he proposed meeting a Soviet nuclear buildup in Eastern Europe with an American nuclear buildup in Western Europe, there were alarms that he was going to get us into a war.
The result? President Reagan's policies not only did not get us into a war, they put an end to the Cold War that had been going on for decades.
pages 131 and 132 of The Thomas Sowell Reader published by Basic Books
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