... implemented was touted as not just based on economics but was economics with moral foundations. The economic policy that Reagan decided to follow can be described more easily with two simple economic terms. These being his policy were based on 'Extreme Keynesian economic theory' and were largely 'supply-Side policies'. Reagan firmly believed that the reason that the American economy was struggling, when he came to power, was because of excessive taxation. In order to strengthen the economy Reagan followed a number of key policy areas and based his first six months in office purely trying to sort the economy out. Reaganomics followed a 'Laisser faire' attitude towards the economy as he believed that intervention and regulation by the government were harmful to the economy. Reagan therefore followed a policy of what he saw as deregulation allowing companies to make their own economic decisions without the government interfering. This policy of deregulation ...

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