Response to Effect of Reaganomics?

Mr. DeLong cannot be right that Reagan deserves no credit for the decline in inflation; his administration's support for the Federal Reserve's policies was crucial, because the Fed is always influenced by political pressures. I agree with Milton Friedman that few presidents would have had the guts, as Reagan did, to let the recession take its course in order to stamp out inflation, and Reagan deserves a great deal of credit for

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