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Reaganomics
Reaganomics is a term referring to economic policies utilized during Ronald Reagan administration. Ronald Reagan deregulated domestic markets, called emphasized law-taxes and social service spending and increased military spending.
Reaganomics was partially based on trickle down theory and supply-side economics principles, which are saying that best way to stimulate global economic growth.
Reaganomics brought large budget deficits, low inflation and interest rates.
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