"And yet, in spite of all the evidence that points to the free market as the most efficient system, we continue down a road that is bearing out the prophecy of the Frenchman who came here 130 years ago -- de Tocqueville. He was attracted by the miracle that was America. Think of it, our country was only 70 years old and already we had achieved such a miracle of standard of living and of productivity and prosperity that the rest of the world was amazed."
-Ronald Reagan
This speech was delivered November 10, 1977.