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Ronald Reagan, the 40th President of the United States, was particularly well known for his economic policies. Dubbed “Reaganomics,” these polices sought to reduce government spending growth rate and government regulation, reduce federal income tax, and reduce inflation. People often debate over how successful Reaganomics were, but statistics do show several facts. By the time he left office, the unemployment and inflation rates shrunk, while the American economy grew. However, government spending increased, as did the public debt.