The 8th Annual Ronald Reagan Lecture:
Ronald Reagan, the Economy, and the World: Then and Today
A Conversation with Art Laffer and Roger Robinson
February 25, 2014 @ 7 p.m. | Grove City College
Pew Fine Arts Center | Ketler Auditorium
America faces serious economic problems. Such problems are hardly new. Unfortunately, the nation’s leadership has been ineffective in responding to those problems, pursuing ill-advised policies that haven’t turned things around. We’ve forgotten what we once knew.
In 1981, Ronald Reagan, newly inaugurated as president, faced the prospect of double-digit unemployment, inflation, and interest rates. The economy had stagnated; economic growth was dead. Words like “malaise” and “stagflation” and “misery index” had become part of the nation’s daily discourse. Worse, America was losing not only at home but abroad, as the Soviet Red Army marched into Afghanistan and confidently exported communism around the world. We were losing the Cold War.
How did Ronald Reagan turn things around? He pursued policies rejected by Washington today. This included implementation of supply-side economics (dubbed “Reaganomics”) at home and a dynamic economic-warfare campaign against Moscow. Ultimately, Reagan initiated the longest peacetime economic expansion in the history of the country—and won the Cold War.
Critical to this effort were two individuals: Art Laffer, champion of the Laffer Curve and supply-side economics, and Roger Robinson, who maintained President Reagan’s economic-warfare portfolio at the National Security Council. Both men will be coming to Grove City College on February 25 for a discussion of not merely what Ronald Reagan did right in the 1980s, but what America is doing wrong today. Join us for a fascinating evening.