Question by Matthew D Rises: At the finish of the day wasn’t Ronald Reagan basically a Keynesian in disguise?
Beneath the path of the Fed Chairman appointed by Reagan the federal funds rate and the discount rate had been lowered every year Reagan was in workplace.
Also, the crux of of Keynes discovery was that aggregate spending(total spending) in the economy is what really matters, and that deficit spending by government is one particular of the easiest and most successful techniques of holding up aggregate spending.
Reagan delivered large tax cuts and improved government spending on defense the US began possessing a deficit.
Since deficit spending functions by adding money into the economy by spending money that wasn’t taken out initial as taxes, wasn’t Reagan simply a Keynesian in disguise? With government “spending” more cash by taking in less of it?
Reagan’s favourite President was FDR.

Very best answer:

Answer by Brad
Reagan was a puppet – a spokesman for the people who genuinely ran the show – this is exactly where Bush, Cheney and Rumsfeld began their corrupt carreers

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