> The reversal of Reaganomics Reagan wanted to get the U.S. back on the gold standard, which leads to balanced trade. He was talked out of it by Fed chair Vol

> The reversal of Reaganomics Reagan wanted to get the U.S. back on the gold standard, which leads to balanced trade. He was talked out of it by Fed chair Volker. What you call Reaganomics goes back to Nixon. I suppose that's probably just as well for you, but I don't think any administration between 1971 and 1991 (or even 2011 or now even) really thought "hey, let's take blue collar jobs and send them to Japan, and later China! haha! suckers!". Nixon didn't take the U.S. off the gold standard because that was something he yearned to do -- he did it because it was the only way to fund the then federal deficit. Sure, we would have been better off staying on a gold standard and being forced to cut that deficit, but every politician from Nixon onward -Democrat and Republican alike- kicked that can into the future. It's a non-partisan issue. Getting off the gold standard created easy credit junkies everywhere, and here we are. Junkies don't care about ideology.