Reaganomics, or Reaganism, were the neoliberal economic policies promoted by U.S. President Ronald Reagan during the 1980s. These policies are characterized as supply-side economics, trickle-down economics, or "voodoo economics" by opponents, while Reagan and his advocates preferred to call it free-market economics.
Reagan gives a televised address from the Oval Office, outlining his plan for tax reductions in July 1981.
President Ronald Reagan signs the Economic Recovery Tax Act of 1981 at his California ranch.
Image: Trends in US income inequality 1975 2005
Paul Harvey Aurandt was an American radio broadcaster for ABC News Radio. He broadcast News and Comment on mornings and mid-days on weekdays and at noon on Saturdays and also his famous The Rest of the Story segments. From 1951 to 2008, his programs reached as many as 24 million people per week. Paul Harvey News was carried on 1,200 radio stations, on 400 American Forces Network stations, and in 300 newspapers.
Harvey receiving the Presidential Medal of Freedom in 2005