The Beautiful Machine - washingtonpost.com: "Sosin, Rackson and Goldman could hardly contain themselves as they labored over a business plan at Sosin's kitchen table in his apartment on Manhattan's Upper East Side. Their timing happened to be exquisite. The staid Wall Street of their fathers' generation was gone, replaced by an anything-goes culture that applauded the kind of path they were charting during the final months of 1986.
Their plan fit perfectly with another revolution they saw unfolding in Washington. Ronald Reagan's unwavering belief in free markets -- and his distaste for regulation that put hurdles in the way of entrepreneurs -- had steadily spread through the government. 'The United States believes the greatest contribution we can make to world prosperity is the continued advocacy of the magic of the marketplace,' Reagan told a U.N. audience that fall."
More evidence that RR will not be treated as kindly by historians as he is by AM radio hacks.
Monday, December 29, 2008
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