Ronald Reagan. The economic turmoil and terrible inflation left to him by the Carter Administration was a mountain that seemed impossible to climb. Reagan quickly moved in a direction of lower taxes...
Laissez faire is the economic policy of a free market economy, this means a lot of competition between companies and very little government intervention in the economy.
"Reagaonomics," in simplistic terms, meant (a) lower taxes on business and rich people so that (b) the economy is stimulated so that (c) more jobs are created for middle class and poor people, who...