for consumers. The long term effects!
             were that the savings and loan industry collapsed due to fraud and mis-management. Regan knew that deregulation could possibly have adverse effects if there was no degree of regulation at all, so preventative measures were set in place. One such preventative measure was the Office of Information and Regulatory Affairs (O.I.R.A) which insured that deregulation adhered to cost benefit principles to the maximum extent possible. "If government is the problem, not the solution, you do not solve problems by applying a bigger problem to them" (Regan). Another notion behind Reganomics was the Laffer Curve, which conveyed the idea that tax cuts would increase tax revenue. The Laffer Curve is based on the ideology that government should provide a climate in which the incentives for individuals to pursue their own economic progress wouldn't be hindered by governmental taxing, spending, regulations, and/or monetary policies. It is also based on supply side economics. Supply side economic!
             s was an economic policy designed to stimulate output and lower unemployment by increasing production in the economy. It allowed the free market to play a greater role in the economy while the government to
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