Not necessarily. We are still printing money like crazy more than ever. Reagan slowed inflation by getting rid of it though exploding the trade deficit and convincing every other country to take our fiat money and hold it indefinitely as the global and oil currency despite taxing the world through some continued inflation. That holding capacity will run out eventually however because we have zero capacity to ever stop doing it.
Reagan supported China’s entry in to WTO....a very bad trade deal. Thank heavens for PDJT for going against the globalists and looking out for American middle class manufacturing workers.