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Reaganomics
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Reaganomics, or Reaganism, were the neoliberal economic policies promoted by Ronald Reagan, president of the United States from 1981 to 1989. These policies focused mainly on supply-side economics. Op
President Ronald Reagan signs the Economic Recovery Tax Act of 1981 at his California ranch.
President Ronald Reagan signs the Economic Recovery Tax Act of 1981 at his California ranch.
Ronald Reagan 1985 presidential portrait
Ronald Reagan 1985 presidential portrait
Trends in US income inequality 1975 2005
Trends in US income inequality 1975 2005
Supply-side economics
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Supply-side economics is a macroeconomic theory postulating that economic growth can be most effectively fostered by lowering taxes, decreasing regulation, and allowing free trade. According to supply
Reaganomics
…were the neoliberal economic policies promoted by Ronald Reagan, president of the United States from 1981 to 1989. These policies focused mainly on supply-side economics. Opponents (including some Republicans) characterized them as "trickle-down economics" or Voodoo Economics, while Reagan and his advocates preferred…
Robert Mundell popularized the theory of supply-side economics after developing the theory with Arthur Laffer in the 1970s.
Robert Mundell popularized the theory of supply-side economics after developing the theory with Arthur Laffer in the 1970s.
Ronald Reagan gives a televised address from the Oval Office, outlining his plan for tax reductions in July 1981.
Ronald Reagan gives a televised address from the Oval Office, outlining his plan for tax reductions in July 1981.
Supply side economics has been criticised for benefiting high income earners, as graph shows the change in top 1% income share against the change in t
Supply side economics has been criticised for benefiting high income earners, as graph shows the change in top 1% income share against the change in top income tax rate from 1975–1979 to 2004–2008 for 18 OECD countries: the correlation between increasing income inequality and decreasing top tax rates is very strong.
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