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Ronald Reagan's Economic Philosophy

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Ronald Reagan's Economic Philosophy
On January 20, 1981, newly elected President Ronald Reagan addressed the issue of economic affliction of great proportions in the United States. He described the situation as one of the worst sustained inflations in the history of the country. According to Reagan, this happened as a result of frequent public spending, with no regard for the future. Thus, tremendous social, cultural, political, and economic upheavals were to come. To fix this, Reagan proposed that they must begin acting as soon as possible. His main philosophy was that government itself was the problem, and it was hindering the progress of citizens across the country. As a result, he made it the administration’s objective to create a healthy, growing economy that provided equal
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