There is a common misconception among a significant minority of Americans that former president Ronald Reagan was some kind of god who transformed the American economy from Hell in a Hand Basket to the New Utopia making everybody rich in the process.

That view, unsurprisingly, is also held by one of his economic advisors at the time, Dr Arthur Laffer. Dr. Laffer was a member of President Reagan’s Economic Policy Advisory Board for both of his two terms (1981-1989).

Read more at: The Australian Independent Media Network