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Ronald Reagan on the Importance of Entrepreneurs

“New incentives to save, invest, and take risks, so more wealth will be created at every level of our society.”

by Scott L. Vanatter

President Ronald Reagan dedicated his May 14, 1983 radio address from Camp David “the importance of entrepreneurs and how we’re trying to help them.”

He began by citing George Gilder’s book, Wealth and Poverty, where he developed the important idea that  “… most successful entrepreneurs contribute far more to society than they ever recover. And most of them win no riches at all. They are the heroes of economic life. And those who begrudge them their rewards demonstrate a failure to understand their role and their promise.” Reagan went further, “Too often, entrepreneurs are forgotten heroes. We rarely hear about them. But look into the heart of America, and you’ll see them. They’re the owners of that store down the street, the faithfuls who support our churches, schools, and communities, the brave people everywhere who produce our goods, feed a hungry world, and keep our homes and families warm while they invest in the future to build a better America.” Continue reading


Ronald Reagan’s Address on the Explosion of the Challenger Shuttle

“The future doesn’t belong to the fainthearted; it belongs to the brave. The Challenger crew was pulling us into the future, and we’ll continue to follow them.”

by Scott Vanatter

The night the Challenger Shuttle exploded, January 28, 1986, President Reagan was due to deliver the annual State of the Union. The White House decided to postpone that speech and instead the president delivered one of the most memorable presidential messages. Reagan spoke from the Oval Office at the White House. The speech was written by Peggy Noonan.

Until that day, he said, “We’ve never lost an astronaut in flight; we’ve never had a tragedy like this. And perhaps we’ve forgotten the courage it took for the crew of the shuttle. But they, the Challenger Seven, were aware of the dangers, but overcame them and did their jobs brilliantly. We mourn seven heroes….. We mourn their loss as a nation together. For the families of the seven, we cannot bear, as you do, the full impact of this tragedy. But we feel the loss, and we’re thinking about you so very much.” Continue reading


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