Republican (fascist/socialist) President Reagan—ostensibly an advocate of the free-market—signs the Government Securities Act, establishing the first Federal regulation of dealers in government debt obligations.

       [restored 12/10/2022]

Subsequent Events:

Authority:

“Law of the Jungle”
ccc-2point0.com/preface

References:

Ronald W. Reagan – Statement on Signing the Government Securities Act of 1986
www.presidency.ucsb.edu/ws/index.php?pid=36/6/6/2&st=Government+Securities&st1=Securities

U.S. Banking Timeline
www.libertyforlife.com/banking/currency-us-timeline.html

Current U.s. National Debt:

$36,167,124,467,492

Source