Reaganomics: the recipe to fix the nations economy

Ingredients:
1. reduce government spending
2. reduce income tax and capital gains
3. reduce government regulation of economy
4. control money supply to reduce inflation

Directions:
lower taxes by 25% and increase defense spending. Get the rich to spend and invest more on there money not used for taxes so the  poor can get jobs and spend money as well.

Finished product:

The defense industry was booming! Ronald Reagan decided that the US was open to a "window of vulnerability" to the Soviet Union in regards to Nuclear weapons, so we decided to change the nations military. Reagan decided on a space-based missile system, and scientists were so excited to get this project started. they called this plan...Star Wars!

Lots of People liked the money supply increase, and the taxes being lowered. According to William A. Niskanen, Ronald Reagan delivered on every single one of his objectives.Maybe not to the fullest extent, but in his years of office, he delivered like he promised.

Negative  

Paul Krugman, a Economist, argues that Ronald Reagan was not the reason of economic expansion. He believes it was just the business cycle doing its work because the economy was bound to get better sometime. In the beginning of Reagan's presidency, the interest rates raised and there was a short deep recession. The value of the dollar raised, which made things more expensive to sell abroad and exports decreased.