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Reaganomics, the economic policy implemented by President Ronald Reagan in the 1980s, aimed to stimulate economic growth through supply-side economics. It focused on tax cuts, deregulation, and reducing government spending to encourage investment and job creation. The idea was that lower taxes would lead to increased disposable income, ultimately benefiting all levels of the economy. While it did lead to a period of economic expansion, critics argue it also contributed to income inequality and increased national debt.

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1w ago

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