Why not bring back Reaganomics?In the early 1980s, the country w
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Ocean City - Why not bring back Reaganomics?In the early 1980s, the country was facing similar out-of-control inflation.President Reagan introduced an initiative that worked.He used supply-side economics and its key concepts: 1.shrinking the money supply(rapidly increasing interest rates);2. reducing Government spending; 3.fewer Gov't. regulations;4. reducing taxes.The new "Inflation Reduction Act" increased Gov't. spending $740 billion?How is this going to reduce inflation?This is like a person reducing his weight by consuming more calories.Reaganomics worked then and would work now.Come on Biden,try it.
Print Publication Date:
5/01/2024