Fall 2021 has a 1980 vibe to it. Shortages. A faltering supply system. Inflation. Rising unemployment.
That was the atmosphere that elected Ronald Reagan president in 1980. It’s similar to what we’re going through now.
One of the first things Reagan did when in office was cut regulations on the energy industry. In 1981 he ended all production limits and price controls on oil. Critics predicted soaring prices for oil and gas at the pump. The opposite happened. Production soared and prices dropped.
His solutions would work again. It’s still true that, as he said, “Government isn’t the solution. Government is the problem.”
They were Trump’s solutions too: lower taxes, deregulation.