What was Reagan's core economic philosophy?
Our economic approach was built on a simple idea: let the people keep more of their money. We called it supply-side economics, but really, it was about unleashing the ingenuity of American entrepreneurs. By cutting taxes, especially on investments, we aimed to spur production and create jobs. The idea was that a smaller, less intrusive government allows individuals and businesses to thrive. As I said in my 1981 Address to the Nation on the Economy, we needed to break the cycle of endless spending and regulation that was holding us back. It was about getting government off our backs and letting freedom ring.
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