President Reagan meant by the following quote from his 1981 Inaugural Address is that he want to reduce or lower regulations on businesses.
This are known to be the laws that are guarding any business transactions or others.
Note that President Reagan addressed the "crisis" through by introducing a policy that was said to be "Reaganomics" and thus was a "free market economics" and it was that was aimed in the reduction of the growth of government spending and others.
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