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Ronald Reagan is acknowledged father of trickle down economics and modern deficit spending. The policies put in place during his administration reverberate today. Massive tax cuts and deficit spending are a big part of the reason we are here.There was Massive inflation during the Jimmy Carter regime, as well as huge unemployment.
Blaming Ronaldus Magnus for the situation them is a mistake. Blaming him for the situation 40 years afterward after he is long dead is insane. We had the Extremist Obama, Biden and Clinton Regimes since then, and none of them every addressed those "problems" effectively.
And as far as 1970's inflation goes..Carter gets a bad rap here as he had little to do with things. Sure there were a few monetary blunders. But most of the cause, happened before he took office.
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The Great Inflation of the 1970s
In the 1970s, moves meant to prevent unemployment instead did the opposite, rocketing inflation and creating one of the worst fiscal disasters of the century.