#TaxReform (noun)
1) Revenue neutral, simpler code, spurs growth (Reagan 1986)
2) Lie about deficit-exploding gift to the rich (Trump 2017)
Monetary policy played a big role. But fiscal policy has an impact as well. They're not mutually exclusive.
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The only fiscal policy Reagan had was military spending. In any case, he tripled the deficit and you know the rest.
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