"Critics of Reagan's policies continue to point to large budget deficits in the 1980s as the price of his success. These troubled him as well. But given the magnitude of Reagan's accomplishments in stopping inflation and bringing about the collapse of the Soviet Union, I don't think his failure in this area should be held against him.
As impressive as Reagan's tangible accomplishments in office were, his less tangible accomplishments were also significant. Together with Margaret Thatcher, he restored the idea that private individuals and businesses were the true sources of prosperity, not government. They gave legitimacy to free markets, open trade and sound money, in contrast to socialism, planning and price controls, which had dominated economic policy throughout the world for more than half a century. The renaissance of growth and freedom in Eastern Europe and the Third World owes much to Reagan's and Thatcher's discrediting of the socialist idea and their tireless defense of economic freedom. "
Reagan's economic accomplishments were invaluable - Jacksonville Business Journal