This is something that economists have debated over for decades since. Stiglitz specifically attacks Reagan on that front. Milton Friedman defends it.

Reagan was the last president to make a deep impact change in how economics and politics relate. He was unique in the way he self-deprecated government, something that is truly rare for presidents. He would actively advocate the government was the problem not the solution, a famous line by Milton Friedman on his economic ideas.

To this day, I am awed at the air-traffic controller firing. I am from a country with a pervasive strike culture, to the point that even cops strike, and it has been unfathomable for any president , of any ideology, from dictatorships to democratic socialists, to fire a swath of strikers.