Volume 35, Number 11 · June 30, 1988
The Real Reagan Economy
By Emma Rothschild
Budget of the United States Government: Fiscal Year 1989
US Government Printing Office, 616 pp., $18.00
Economic Report of the President, Transmitted to the Congress, February 1988, Together with The Annual Report of the Council of Economic Advisers
US Government Printing Office, 374 pp., $10.00
Mr. Reagan's Council of Economic Advisers asserts that the administration's economic program 'has become a blueprint' for worldwide growth. Recent US economic growth, they write in their 1988 Annual Report, 'was shaped by government policies explicitly directed toward fostering the inherent dynamism of the private sector.' 'Our proven market-oriented policies'—the words here are Mr. Reagan's in the accompanying Economic Report of the President—'are being adopted in more and more countries around the globe, as they recognize the high cost of big government and the harmful effects of stifling the entrepreneurial spirit.'
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