He actually created a recession to control inflation, and then lifted the economy out of the recession with Keynesian policies. It is amazing that he is so admired by fiscal conservatives, deficit hawks, libertarians, and gold bugs.
Ronald (Ronald Wilson, 1911-2004) Reagan, Republican candidate for United States President. This 1980 campaign ad entitled “Inflation” [A] depicts footage showing Candidate discussing what he believes is at the heart of the inflation problem and how he’ll help slow down double-digit inflation.
