Amajor component of reaganomics was the idea that:
cutting the military budget was necessary for reducing inflation.
tax cuts and reduced federal spending will end inflation and unemployment.
high inflation will eliminate unemployment.

A major component of Reaganomics was the idea that "tax cuts and reduced Federal spending will end inflation and unemployment." The idea of Reaganomics is an economic policy of the former US President Ronald Reagan. It is associated especially with the reduction of taxes and the promotion of unrestricted free-market activity.

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