76-10-B4 - Revision history

Reagan admin at 20:19, 7 October 2026

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Reagan admin at 14:35, 20 December 2025

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+Many times on these programs I've talked about government regulations and how
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[[Category:Radio Episodes]]
- [[Main Page]] \ [[Reagan Radio Commentaries]] \ [[Radio1977|1977]]

<TABLE WIDTH="80%"><TR><TD>[[76-10-B3|<< Previous Broadcast]]</TD><TD ALIGN="RIGHT">[[76-10-B5|Next Broadcast >>]]</TD></TR></TABLE>

= Added Inflation =

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=== Transcript ===
No Transcript Currently Available

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=== Details ===
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<TR><TD WIDTH="150">Batch Number</TD><TD WIDTH="150">{{PAGENAME}}</TD></TR>
<TD>Production Date</TD><TD>03/02/[[Radio1977|1977]]</TD></TR>
<TD>Book/Page</TD><TD>[[Radio_Commentary_Books#Reagan.27s_Path_to_Victory|RPtV-128]]</TD></TR>
<TD>Audio</TD><TD></TD></TR>
<TD>Youtube?</TD><TD>No</TD></TR>
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===Added Notes===

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← Older revision		Revision as of 20:19, 7 October 2026
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	new United States government decrees and regulations that year. That was a		new United States government decrees and regulations that year. That was a
	twenty five percent increase in pages over the preceding year. Funk & Wagnalls		twenty five percent increase in pages over the preceding year. Funk & Wagnalls
	new ~~enclyclopedia~~ - twenty five volumes - a stack of books three feet high -had		new encyclopedia - twenty five volumes - a stack of books three feet high - had
	only 12,000 pages! Those regulations add to the cost of doing business in many		only 12,000 pages! Those regulations add to the cost of doing business in many
	fields and in many ways which means they add to the cost of the things we buy.		fields and in many ways which means they add to the cost of the things we buy.
	Congressman Bill Armstrong of Colorado says, for example, "Restrictive rate		[[wikipedia:William_L._Armstrong\|Congressman Bill Armstrong of Colorado]] says, for example, "Restrictive rate
	policies of the Interstate Commerce Commission add five billion dollars per year in		policies of the [[wikipedia:Interstate_Commerce_Commission\|Interstate Commerce Commission]] add five billion dollars per year in
	excess freight rates passed on to the consumer".		excess freight rates passed on to the consumer".

	Senator Jim McClure of Idaho confirms this by calling attention to Brookings		[[wikipedia:Jim_McClure_(politician)\|Senator Jim McClure of Idaho]] confirms this by calling attention to [[wikipedia:Brookings_Institution\|Brookings
	Institute study which put the economic loss caused by I.C.C. regulations in 1968		Institute]] study which put the economic loss caused by I.C.C. regulations in 1968
	alone as ranging from a low of some ~~three point eight~~ billion dollars to a high of		alone as ranging from a low of some 3.8 billion dollars to a high of
	almost ~~eight point eight~~ billion dollars. Congressman Armstrong also gave an		almost 8.8 billion dollars. Congressman Armstrong also gave an
	example of what we pay for some of the reform programs over and above the tax		example of what we pay for some of the reform programs over and above the tax
	cost for implementing those programs. Obviously, we all support anti-pollution		cost for implementing those programs. Obviously, we all support anti-pollution
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	best possible price. In 1972 Congress jumped on the pollution bandwagon. It was		best possible price. In 1972 Congress jumped on the pollution bandwagon. It was
	the newest and best political cause since motherhood. In just four years -- by 1976		the newest and best political cause since motherhood. In just four years -- by 1976
	- ~~one hundred and twenty seven~~ billion dollars had been added to industrial costs		-- 127 billion dollars had been added to industrial costs
	which of course, added to the inflationary spiral. Prices went up in each of those		which of course, added to the inflationary spiral. Prices went up in each of those
	four years for industrial products we buy.		four years for industrial products we buy.

	Last year, Congress adopted rule reforms including a requirement that new		Last year, Congress adopted rule reforms including a requirement that new
	spending schemes carry an "inflationary impact statement', an estimate of what		spending schemes carry an "inflationary impact statement", an estimate of what
	effect the spending program would have on the rate of inflation. You can't fault		effect the spending program would have on the rate of inflation. You can't fault
	that as an idea for slowing down the increase in the cost of living. But, apparently		that as an idea for slowing down the increase in the cost of living. But, apparently
	Congressmen reserve the right to disobey their own rules or at least to make		Congressmen reserve the right to disobey their own rules or at least to make
	exceptions. It took one of their colleagues, Representative Bob Bauman of		exceptions. It took one of their colleagues, [[wikipedia:Robert_Bauman\|Representative Bob Bauman of
	Maryland, to blow the whistle on the growing practice of committees which pass		Maryland]], to blow the whistle on the growing practice of committees which pass
	spending programs out to the floor with the simple assurance that there is -QUOTE		spending programs out to the floor with the simple assurance that there is --QUOTE
	-- "no inflationary impact" - UNQUOTE. He gives an example; the		-- "no inflationary impact" - UNQUOTE. He gives an example; the
	suspension of food stamp regulations which wound up adding up to a billion dollars		suspension of food stamp regulations which wound up adding up to a billion dollars
	in cost. All told, he says the total inflationary impact of eleven different bills is		in cost. All told, he says the total inflationary impact of eleven different bills is
	about ~~twenty-two~~ billion dollars in added government cost. Yet all ~~eleven~~ were		about 22 billion dollars in added government cost. Yet all 11 were
	reported out of their respective committees with the flat declaration that they		reported out of their respective committees with the flat declaration that they
	would not contribute to inflation. When we are already spending some ~~fifty~~ billion		would not contribute to inflation. When we are already spending some 50 billion
	dollars over and above our revenues there is no way you can increase that deficit by		dollars over and above our revenues there is no way you can increase that deficit by
	almost fifty percent without adding to inflation.		almost fifty percent without adding to inflation.