Incidentally, the claim that Reagan won his war on inflation is a deceptive and inaccurate half-truth. It’s true that when Reagan took office in 1981 the inflation rate was almost 14% because for forty years the incomes of workers had risen along with the incomes of the wealthy.

Sorry, that’s not quite true.

US real hourly wage peaked in 1974, seven years before Reagan. The slide in worker pay was well under way by the time Reagan took office. Further, the increase in income inequality started even earlier, in 1968, and the the slope of that rising inequality line was unaltered during the Reagan term.

I hear a lot that Reagan cut taxes on the rich and that income inequality started to rise during his term. Both claims are false and easily disproven by commonly found data at the Fed and BLS.

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Data Driven Econophile. Muslim, USA born. Been “woke” 2x: 1st, when I realized the world isn’t fair; 2nd, when I realized the “woke” people are full of shit.

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