In the April 14th issue Mr. Don DeBat wrote, “Inflation was rampant and housing again hit the skids when Reaganomics pushed mortgage rates to 18 percent in 1981 and a deep housing recession followed.”

The facts are as follows, and they are not disputable. In December 1980 the prime interest rate was 21.5 percent, inflation was 13.5 percent, unemployment was 7 percent, production was 1 percent, there were oil shortages and a growing federal deficit. The word “stagflation” did not even exist until in was invented to describe the Carter economy.

In Regan’s last year prime was 9 percent, inflation was 4.1 percent and unemployment was 5.5 percent.

One has to wonder if Mr. DeBat is younger then he appears, and thus missed the Carter years. If not, perhaps he might tell us the name of the planet where he resided during that time.