by Patrick J. Buchanan – March 23, 1998

Unbridled capitalism is an awesome force that creates new factories, wealth and opportunities that go first to society’s risk takers and holders of capital. But unbridled capitalism is also an awesome destructive force…

Under Jimmy Carter, unemployment hit 7 percent, inflation 13 percent and interest rates 21 percent, setting the stage for the Reagan Revolution. And when Reagan’s tax cuts took hold, the Eagle soared as it had not done in peacetime since the Roaring ’20s.