The Truth About The Reagan-Thatcher Economic Miracle

Skip navigation #headerOverlay{ color: #ccd6df; font-size:11px; line-height:130%; } #headerOverlay strong{ color: #ffd226; } #headerOverlay a {color:#ccd6df;text-decoration:none;} #headerOverlay a:hover {color:#ffd226;} #headerOverlay a:visited {color:#ccd6df;} #headerOverlay a:visited:hover {color:#ffd226;} Symbol Lookup onloadAutoSuggest(); var pgValue = "CNBSEB"; var cmsKeyWord = "alternative investing"; var cmsNewPG = "CNBWAB"; if ((cmsKeyWord.length > 0) && (cmsNewPG.length > 0)) { var newPG = cmsNewPG.split(';'); var group = cmsKeyWord.split(';'); if (newPG.length == group.length) { var description = cnbc_pagedesc.toLowerCase(); for(var x = 0; x < group.length; x++) { var keyWord = group[x].split('|'); for (var j = 0; j < keyWord.length; j++) { if (description.indexOf(keyWord[j].toLowerCase()) != -1) { pgValue = newPG[x]; j = keyWord.length; x = group.length; }}}}} if (cnbc_DARTFlag=="new") { cnbc_DARTAdCall(88,31,pgValue); } else { dapMgr.enableACB("SearchBox88x31",false); dapMgr.renderAd("SearchBox88x31","&PG=" + pgValue + "&AP=1071&PN=CNBC",88,31); } cnbc_displayUsername("cnbc_usertime","cnbc_username");RegisterSign InMember CenterSign OutRegistercnbc_toggleUserState();HOMENEWSMARKETSEARNINGSINVESTINGSMALL BUSINESSVIDEOCNBC TVCNBC PROU.S.Asia-PacificEuropeEconomyEnergyPoliticsTechnologyBlogsSlideshowsSpecial Reports if (cnbc_DARTFlag=="new") { cnbc_DARTAdCall(728,90,"CNBGE7"); } else { dapMgr.enableACB("USNewsBlogs728",false); dapMgr.renderAd("USNewsBlogs728","&PG=CNBGE7&AP=1390&PN=CNBC",728,90); } NetDividends? We don't need no stinking dividends. var cnbcSubHeaderId = document.getElementById('subheader_'+ 38911124); cnbcSubHeaderId.innerHTML = document.getElementById('renderReaderContent').innerHTML; Current DateTime: 12:11:58 28 Feb 2012LinksList Documentid: 45166246The Buckaroo and the Demand for Money cnbc_commentCountMapObj.cnbc_commentCountMap_put("46314208", "45166246_1","cnbcCommentsTxt" ); cnbc_commentCountMapObj.cnbc_commentCountMap_put("46314208", "45166246_1","cnbcCommentsTxt" ); College Flunks Four Times; Eliminates Tuition cnbc_commentCountMapObj.cnbc_commentCountMap_put("46310825", "45166246_2","cnbcCommentsTxt" ); cnbc_commentCountMapObj.cnbc_commentCountMap_put("46310825", "45166246_2","cnbcCommentsTxt" ); ECB May Be Willing to Take a Haircut on Greek Bonds cnbc_commentCountMapObj.cnbc_commentCountMap_put("46312568", "45166246_3","cnbcCommentsTxt" ); cnbc_commentCountMapObj.cnbc_commentCountMap_put("46312568", "45166246_3","cnbcCommentsTxt" ); College Flunks Four Times; Eliminates Tuition cnbc_commentCountMapObj.cnbc_commentCountMap_put("46310825", "45166246_4","cnbcCommentsTxt" ); cnbc_commentCountMapObj.cnbc_commentCountMap_put("46310825", "45166246_4","cnbcCommentsTxt" ); New York Housing Market Could Still Collapse: Analyst cnbc_commentCountMapObj.cnbc_commentCountMap_put("46310822", "45166246_5","cnbcCommentsTxt" ); cnbc_commentCountMapObj.cnbc_commentCountMap_put("46310822", "45166246_5","cnbcCommentsTxt" ); Ouch! UBS's Bonus Pool Got Whacked cnbc_commentCountMapObj.cnbc_commentCountMap_put("46297166", "45166246_6","cnbcCommentsTxt" ); cnbc_commentCountMapObj.cnbc_commentCountMap_put("46297166", "45166246_6","cnbcCommentsTxt" ); Banks Already Slipping Through New Capital Requirements cnbc_commentCountMapObj.cnbc_commentCountMap_put("46281847", "45166246_7","cnbcCommentsTxt" ); cnbc_commentCountMapObj.cnbc_commentCountMap_put("46281847", "45166246_7","cnbcCommentsTxt" ); Greek Default: Why Now May Be Best Time to Do It cnbc_commentCountMapObj.cnbc_commentCountMap_put("46281928", "45166246_8","cnbcCommentsTxt" ); cnbc_commentCountMapObj.cnbc_commentCountMap_put("46281928", "45166246_8","cnbcCommentsTxt" ); What Germans Really Think About the Greeks cnbc_commentCountMapObj.cnbc_commentCountMap_put("45957341", "45166246_9","cnbcCommentsTxt" ); cnbc_commentCountMapObj.cnbc_commentCountMap_put("45957341", "45166246_9","cnbcCommentsTxt" ); Why the Social Security Tax Fight Is Stupid cnbc_commentCountMapObj.cnbc_commentCountMap_put("45668349", "45166246_10","cnbcCommentsTxt" ); cnbc_commentCountMapObj.cnbc_commentCountMap_put("45668349", "45166246_10","cnbcCommentsTxt" ); if (cnbc_DARTFlag=="new") { cnbc_DARTAdCall(300,900,"CNBGE3"); } else { dapMgr.enableACB("USNewsBlogs300x250",false); dapMgr.renderAd("USNewsBlogs300x250","&PG=CNBGE3&AP=&PN=CNBC",300,900); } Current DateTime: 12:27:48 28 Feb 2012LinksList Documentid: 38910464Expiration DateTime: 2/28/2012 12:30:44 AM cnbc_commentCountMapObj.cnbc_commentCountMap_put("", "38910464_1","cnbcCommentsTxt" ); Stuff We Missed: Monday, February 27th cnbc_commentCountMapObj.cnbc_commentCountMap_put("46547514", "38910464_1","cnbcCommentsTxt" ); cnbc_commentCountMapObj.cnbc_commentCountMap_put("46547514", "38910464_1","cnbcCommentsTxt" ); Are Japanese Banks Bailing Out Europe? cnbc_commentCountMapObj.cnbc_commentCountMap_put("46547376", "38910464_2","cnbcCommentsTxt" ); cnbc_commentCountMapObj.cnbc_commentCountMap_put("46547376", "38910464_2","cnbcCommentsTxt" ); Warren Mosler Thinks I'm Wrong About US' 'Greece' Danger cnbc_commentCountMapObj.cnbc_commentCountMap_put("46547134", "38910464_3","cnbcCommentsTxt" ); cnbc_commentCountMapObj.cnbc_commentCountMap_put("46547134", "38910464_3","cnbcCommentsTxt" ); Underlying Economy Improving, Uncertainty Diminishing: NABE Survey cnbc_commentCountMapObj.cnbc_commentCountMap_put("46546086", "38910464_4","cnbcCommentsTxt" ); cnbc_commentCountMapObj.cnbc_commentCountMap_put("46546086", "38910464_4","cnbcCommentsTxt" ); The Truth About the Reagan-Thatcher Economic Miracle cnbc_commentCountMapObj.cnbc_commentCountMap_put("46543902", "38910464_5","cnbcCommentsTxt" ); cnbc_commentCountMapObj.cnbc_commentCountMap_put("46543902", "38910464_5","cnbcCommentsTxt" ); Should We Quit Subsidizing Corporate Debt? cnbc_commentCountMapObj.cnbc_commentCountMap_put("46542402", "38910464_6","cnbcCommentsTxt" ); cnbc_commentCountMapObj.cnbc_commentCountMap_put("46542402", "38910464_6","cnbcCommentsTxt" ); The Financial Crisis As Hyperinflation cnbc_commentCountMapObj.cnbc_commentCountMap_put("46516791", "38910464_7","cnbcCommentsTxt" ); cnbc_commentCountMapObj.cnbc_commentCountMap_put("46516791", "38910464_7","cnbcCommentsTxt" ); ECRI Sticks to Recession Call, Even Amid Positive Signs cnbc_commentCountMapObj.cnbc_commentCountMap_put("46513890", "38910464_8","cnbcCommentsTxt" ); cnbc_commentCountMapObj.cnbc_commentCountMap_put("46513890", "38910464_8","cnbcCommentsTxt" ); David Brooks Does Modern Monetary Realism cnbc_commentCountMapObj.cnbc_commentCountMap_put("46514229", "38910464_9","cnbcCommentsTxt" ); cnbc_commentCountMapObj.cnbc_commentCountMap_put("46514229", "38910464_9","cnbcCommentsTxt" ); Can America Become the Next Greece? cnbc_commentCountMapObj.cnbc_commentCountMap_put("46499336", "38910464_10","cnbcCommentsTxt" ); cnbc_commentCountMapObj.cnbc_commentCountMap_put("46499336", "38910464_10","cnbcCommentsTxt" ); Is the Smart Money Heading for the Sidelines? cnbc_commentCountMapObj.cnbc_commentCountMap_put("46499591", "38910464_11","cnbcCommentsTxt" ); cnbc_commentCountMapObj.cnbc_commentCountMap_put("46499591", "38910464_11","cnbcCommentsTxt" ); Regulatory Capture: Federal Reserve Edition cnbc_commentCountMapObj.cnbc_commentCountMap_put("46497947", "38910464_12","cnbcCommentsTxt" ); cnbc_commentCountMapObj.cnbc_commentCountMap_put("46497947", "38910464_12","cnbcCommentsTxt" ); Stuff We Missed: Wednesday, February 22 cnbc_commentCountMapObj.cnbc_commentCountMap_put("46486820", "38910464_13","cnbcCommentsTxt" ); cnbc_commentCountMapObj.cnbc_commentCountMap_put("46486820", "38910464_13","cnbcCommentsTxt" ); Chart of the Day: Europe and U.S. Decoupling cnbc_commentCountMapObj.cnbc_commentCountMap_put("46484833", "38910464_14","cnbcCommentsTxt" ); cnbc_commentCountMapObj.cnbc_commentCountMap_put("46484833", "38910464_14","cnbcCommentsTxt" ); Will Greek Credit Default Swaps Fall Short? cnbc_commentCountMapObj.cnbc_commentCountMap_put("46386655", "38910464_15","cnbcCommentsTxt" ); cnbc_commentCountMapObj.cnbc_commentCountMap_put("46386655", "38910464_15","cnbcCommentsTxt" ); Kevin Book: Beware the Downside Potential In Oil Prices cnbc_commentCountMapObj.cnbc_commentCountMap_put("46481405", "38910464_16","cnbcCommentsTxt" ); cnbc_commentCountMapObj.cnbc_commentCountMap_put("46481405", "38910464_16","cnbcCommentsTxt" ); cnbc_commentCountMapObj.cnbc_commentCountMap_put("", "38910464_1","cnbcCommentsTxt" ); Email: document.write("");document.write("NetNet"+"@"+"cnbc.com");document.write('');Call: 201-735-4638Text Message: 917-740-8477 Current DateTime: 12:15:04 28 Feb 2012LinksList Documentid: 39085620FacebookTwitterRSSCurrent DateTime: 12:15:04 28 Feb 2012LinksList Documentid: 38852222John Carney

Runs this joint.

Jeff Cox

A senior writer for CNBC.com, covering the gamut of issues affecting the stock market and the economy.

Stephanie Landsman

Squawk Boxer Rebel.

Lori Spechler

A Senior Editor at CNBC, commodity trader in a former life.

Lori Ann LaRocco

A Senior Talent Producer at CNBC.

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setDefault('cnbc_textbody');The Truth About the Reagan-Thatcher Economic MiraclePublished: Monday, 27 Feb 2012 | 1:37 PM ET Text Size By: John CarneySenior Editor, CNBC.com #divButtons .gig-button-container-facebook-like {margin-right:-2px;} #divButtons .gig-button-container-twitter {margin-right:15px;} #divButtons .gig-button-container-google-plusone {margin-right:-16px;} #divButtons .gig-button-container-linkedin {margin-right:17px;} var params ={ userAction:ua, shareButtons: [{provider:'facebook-like',action:'recommend'},{provider:'twitter'},{provider:'google-plusone'},{provider:'linkedin'},{provider:'share',enableCount:false}], containerID: 'divButtons'} if (navigator.userAgent.indexOf("MSIE 6") Read Full Article »