An Alternative VisionSomething different was exactly what Ronald Reagan promised to provide. Reagan argued that half a century of misguided liberal policies had sapped the free market of much of its natural vitality by burdening it with too many government taxes, too much government spending, and too heavy government regulation. Reagan promised to restore prosperity by getting "the government off the backs of the American people" by cutting taxes, slashing spending, and deregulating the economy.18While Reagan was ultimately able to implement those policies only imperfectly, his broad vision nonetheless proved quite compelling. Reagan's deep faith in his free-market principles proved to be almost contagious, helping to restore confidence in the future of the American economy even through a trying recession that lasted well into 1982. And after 1982, Reagan's faith was rewarded with a long and strong economic boom, driven by the greatestbull marketseen on Wall Street since the 1920s. The Reagan Era, which began in such dire
This is the end of the preview.
access the rest of the document.