Ronald Reagan's economic policies

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Ronald Reagan's economic policies were based on the belief that the economy suffered from insufficient investment capital, not insufficient demand. This belief became known as supply-side economics, which holds that economic growth is mainly a result of lower taxes and less regulation, as these policies increase incentives for businesses and individuals to invest and work. Reagan's policies included tax cuts, deregulation, and reduction of government spending, all aimed at increasing investment capital and promoting economic growth. This strategy contrasted with Keynesian economics, which focuses on government spending to stimulate demand and reduce unemployment. Reagan's policies led to a period of economic growth and low inflation in the 1980s, but also contributed to increased income inequality.

Ronald Reagan's Economic Policies