Spend less.
Reagan took a two-pronged approach to growth: tax and tight ("sound") money. Can't forget the second part this round, or 2017 policy will look like the mere creation of an asset bubble and excess. How to get tighter money?
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He was dealing with double-digit inflation and had to wring it out of the economy with a lot of pain before then using tax cuts to grow the economy.
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We have no Volker or dare I say Greenspan. Audit the FED? Likely inflict shrtrm pain bt 2 much opaqueness & misunderstanding of FED balance sheet.
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Reverse the last 8 years of Fed policy. Oh, wait. Too late. We're awash in money.
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Reagan took office almost the minute a 34-year trend of rising interest and prices ended. They began falling in 1981, putting downward pressure on consumer prices and upward pressure on assets. A great boom.
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Even Jimmy Carter understood what was necessary. Hence his appointment of Paul Volcker.
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