Posted AT 6:05 AM EST on 22/08/07
How Reaganomics unleashed the Dow
Ottawa — Supply-side economist Arthur Laffer, two-term adviser to president Ronald Reagan (1981-1989), tells this story of Mr. Reagan's first cabinet meeting.Cabinet members and presidential advisers had assembled in the West Wing of the White House. Mr. Reagan entered the room and sat down. Ever the actor, he waited for silence, finally stood and said: "Gentlemen and ladies. I hate inflation.
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| Market | Change | Value |
|---|---|---|
| Data delayed 15 minutes | ||
| S&P/TSX | +169.26 | 11,284.56 |
| DJIA | +192.27 | 10,100.66 |
| S&P 500 | +17.15 | 1,073.89 |
| Nasdaq | +29.37 | 2,155.42 |
| Stock Profile | |
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