how did ronald reagan hope to help the economy with his reaganomics
1 answer
Ronald Reagan hoped to help the economy with his Reaganomics by implementing a series of tax cuts and reduced government spending. He believed that lowering taxes on businesses and individuals would stimulate economic growth and encourage investment, which in turn would create new jobs and increase government revenue in the long run. Reagan also wanted to reduce government regulation of business and industry to promote competition and innovation. Additionally, he hoped to control inflation by tightening money supply and promoting sound monetary policies. Overall, Reaganomics aimed to promote free-market principles and reduce the role of government in the economy.