As the world recession eases there is much talk of a “new normal,” in the global economy, characterized by heightened government regulation, slower growth, and a shrinking role for the US. Anyone familiar with the history of booms and busts hardly disagrees with the premise, especially given the extensive damage wrought on the worlds’ credit infrastructure, the breakdown of fundamental investor trusts by regulators who increasingly blur the lines between public and private rights, and a consumer who is too tapped-out, over-leveraged, and over-taxed to consume us out of this one.

Hundreds of articles have appeared this week about the life and presidency of this charismatic and adored man, Ronald Reagan.  The one below reveals a unique and intimate view of the man’s character and his thoughtfulness.  It is reprinted with permission from its author Andrew Ferguson of Bloomberg News, in its entirety.