Date of Original Version

1981

Type

Working Paper

Rights Management

All Rights Reserved

Abstract or Description

Opponents of President Reagan's program take a quick look at Britain and smile. They believe after two years the U.S. economy will have many of the characteristics of the current British economy — high unemployment, an uncertain recovery, low investment, a large budget deficit and double digit inflation. They believe, in short, that Reaganomics will produce Thatcheritis.