[Answer] What did President Ronald Reagan believe about economic growth?

Answer: NOT Trade barriers would help make trade more fair between countries.Increased production and fair trade would help the economy.

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What did President Ronald Reagan believe about economic growth? Reaganomics or Reaganism refers to the neoliberal economic policies promoted by U.S. President Ronald Reagan during the 1980s. These policies are commonly associated with and characterized as supply-side economics trickle-down economics or voodoo economics by opponents while Reagan and his advocates preferred to call it free-market economics. The four pillars of Reagan's economi… Reaganomics or Reaganism refers to the neoliberal economic policies promoted by U.S. President Ronald Reagan during the 1980s. These policies are commonly associated with and characterized as supply-side economics trickle-down economics or voodoo economics by opponents while Reagan and his advocates preferred to call it free-market economics. The four pillars of Reagan's economic policy were to reduce the growth of government spending reduce the federal income tax and capital gains tax reduce government regulation and tighten the money supply in order to reduce inflation . The results of Reaganomics are still debated. Supporters point to the end of stagflation stronger GDP growth and an entrepreneur revolution in the decades that followed. Critics point to the widening income gap what they described as an atmosphere of greed reduced economic mobility and the national debt tripling in eight years which ultimately reversed the post-World War II trend of a shrinking national debt as percentage of GDP. Prior to the Reagan administration the United States economy experienced a decade of high unemployment and persistently high inflation (known as stagflation ). Attacks on Keynesian economic orthodoxy as well as empirical economic models such as the Phillips Curve grew. Political pressure favored stimulus resulting in an expansion of the money supply. President Richard Nixon Prior to the Reagan administration the United States economy experienced a decade of high unemployment and persistently high inflation (known as stagflation ). Attacks on Keynesian economic orthodoxy as well as empirical economic models such as the Phillips Curve grew. Political pressure favored stimulus resulting in an expansion of the money supply. President Richard Nixon s wage and price controls were phased out. The federal oil reserves were created to ease any future short term shocks. President Jimmy Carter had begun phasing out price controls on petroleum while he created the Department of Energy. Much of the credit for the resolution of the stagflation is given to two causes: a three-year contraction of the money supply by the Federal Reserve Board under Paul Volcker initiated in the last year of Carter's presidency and long-term easing of supply and pricing in oil during the 1980s oil glut . In stating that his intention was to lower taxes Reagan's approach was a departure from his immediate predecessors. Reagan enacted lower marginal tax rates as well as simplified income tax codes and continued deregulation . During Reagan's eight year presidency the annual deficits averaged 4.0% of GDP compared to a 2.2% average during the preceding eight years. The real (inflation adjusted) average rate of growth in federal spending fell from 4% under Jimmy Carter to 2.5% under Ronald Reagan. GDP per employed person increased at ...

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