The Presidency: The Importance of Saying No

The Importance of Saying No

The Department of Agriculture put out a little note last week reporting that most American farmers had, one way or another, found new financing and were busy in their fields planting another crop.

That does not mean that U.S. agriculture is out of crisis. But the new figures show that about 95% of the 2.4 million farmers are still in business. Last March, when Ronald Reagan refused to open up the federal treasury for new credit, some critics predicted that a fourth of the debt-ridden farmers could go under for lack of loans. It appears the Cassandras were wrong. And that...

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