Freedom prospers when religion is vibrant and the rule of law under God is acknowledged.
Ronald ReaganRead
People who think a tax boost will cure inflation are the same ones who believe another drink will cure a hangover.
Interpretation
What this quote means
The quote suggests that expecting tax increases to solve inflation is as misguided as thinking that alcohol can alleviate a hangover.
Ronald Reagan's quote cleverly illustrates a fundamental misunderstanding about economic principles. Just as consuming more alcohol does not resolve the effects of overindulgence, increasing taxes is unlikely to effectively tackle inflation. Instead, both actions reflect a simplistic approach to complex problems, showing that more of the same is not the solution.
Themes
InflationTaxesEconomicsReaganMisconception
In practice
Example use cases
In a political debate about economic policies, one might refer to Reagan's quote to illustrate misguided solutions.
More from Ronald Reagan
All quotes βOur status as a free society and world power is not based on brute strength. When we've taken up arms, it has been for the defense of freedom for ourselves and for other peaceful nations who needed our help. But now, faced with the development of weapons with immense destructive power, we've no choice but to maintain ready defense forces that are second to none. Yes, the cost is high, but the price of neglect would be infinitely higher.
Ronald ReaganRead
I'm spending more time at this library in four days than I did at the Eureka College Library in four years.
Ronald ReaganRead
I'm not a politician by profession. I am a citizen who decided I had to be personally involved in order to stand up for my own values and beliefs. My candidacy is based on my record, and for that matter, my entire life.
Ronald ReaganRead
My fellow citizens, our nation is poised for greatness. We must do what we know is right, and do it with all our might. Let history say of us: "These were golden years - when the American Revolution was reborn, when freedom gained new life, and America reached for her best."
Ronald ReaganRead
We must have faith in the people of this country and faith in our principles.
Ronald ReaganRead
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