What principles formed the basis of Reaganomics?

Answer 1

Reaganomics was based on four key principles: tax cuts, deregulation, reduction in government spending, and tight monetary policy. The idea was that lower taxes would stimulate investment and economic growth, while deregulation would encourage competition and innovation. Additionally, reducing government spending aimed to decrease the federal deficit, and tight monetary policy was intended to control inflation. Together, these principles sought to create a more robust private sector and spur overall economic prosperity.