“Reagan fixed the economy! Inflation was terrible until he cut taxes!”

What You Say

Inflation peaked in 1980 under Carter and fell under Volcker's Federal Reserve rate hikes — years before Reagan's 1981 tax cuts took full effect. CBO and BEA data show the recovery was driven by monetary policy and oil price collapse, not supply-side magic. Reagan also tripled the national debt and raised taxes eleven times. Credit the Fed chair, not the Hollywood narrative.