Under which presidential administration did the national debt triple, due to a combination of tax cuts and defense spending?

Under the administration of Ronald Reagan the national debt tripled due to a combination of his extensive tax cut programs and defense spending during the Cold War. Reagan is often considered an economic turning point in American history, as he moved the country from Keynesian economics to supply side economics.

a free market economy requires less state intervention. concurrently, it often requires a degree of democratisation of its institutions which- to a certain extent- facilitates economic activity. at the same time, a free market economy appears to be reliant on democracy for its functioning.

`stare decisis is a legal doctrine that obligates courts to follow historical cases when making a ruling on a similar current or future case. stare decisis ensures that cases with identical facts be approached in the same way, unless overruled by the same court or a higher court such as the us supreme court. simply put, it binds courts to follow legal precedents set by previous decisions.

stare decisis is a latin term meaning "to stand by that which is decided".