Ronald Reagan: champion of monetarism

Ronald Reagan's death in June 2004 prompted numerous reviews of his legacy, but no attention was paid to the success of his monetary policy. Yet President Reagan assigned as prominent a place in his economic policy to the importance of reducing inflation through slower growth of monetary aggregates as he did to his tax, budget and regulatory policy. This made Reagan's presidency unique because no other American president, before or after, has made monetary policy so central to his economic

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