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Article: What Really Happened In 1981.
- Article from:
- Independent Review
- Article date:
- September 22, 2000
- Author:
CopyrightCOPYRIGHT 2000 Independent Institute. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Timothy Muris's otherwise excellent piece "Ronald Reagan and the Rise of Large Deficits" (Independent Review 4 [winter 2000]: 365-76), necessarily misses some fascinating details known only to those of us who were actually there.
The transition team began operating out of David Stockman's congressional offices shortly after Christmas 1980. That team of part-time volunteers consisted initially of myself, Larry Kudlow, and John Rutledge, periodically accompanied by Alan Greenspan and Allan Meltzer. By February 1981, as permanent appointments were filled, we were joined by Murray Weidenbaum, Craig Roberts, and others.
The economic plan, dated February 18, ...