Reaganomics (/reɪɡəˈnɒmɪks/; a portmanteau of Reagan and economics attributed to Paul Harvey),[1] or Reaganism, were the neoliberal[2][3][4] 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,[5] while Reagan and his advocates preferred to call it free-market economics.
The pillars of Reagan's economic policy included increasing defense spending, balancing the federal budget and slowing the growth of government spending, reducing the federal income tax and capital gains tax, reducing government regulation, and tightening the money supply in order to reduce inflation.[6]
The results of Reaganomics are still debated. Supporters point to the end of stagflation, stronger GDP growth, and an entrepreneurial revolution in the decades that followed.[7][8] Critics point to the widening income gap, what they described as an atmosphere of greed, reduced economic mobility, and the national debt tripling in eight years which ultimately reversed the post-World War II trend of a shrinking national debt as percentage of GDP.[9][10]
^Holley, Joe (March 1, 2009). "Broadcaster Delivered 'The Rest of the Story'". The Washington Post. Retrieved March 1, 2009.
^Springer, Simon; Birch, Kean; MacLeavy, Julie, eds. (2016). The Handbook of Neoliberalism. Routledge. pp. 3, 65, 144. ISBN 978-1138844001.
^Gerstle, Gary (2022). The Rise and Fall of the Neoliberal Order: America and the World in the Free Market Era. Oxford University Press. pp. 121–128. ISBN 978-0197519646.
^Bartel, Fritz (2022). The Triumph of Broken Promises: The End of the Cold War and the Rise of Neoliberalism. Harvard University Press. pp. 18–19. ISBN 9780674976788.
^Domitrovic, Brian (December 2, 2018). "George H. W. Bush's Voodoo Rhetoric". Forbes. Bush used the term in the 1980 Pennsylvania primary as Reagan endorsed New York Rep. Jack Kemp's proposal for a 30% cut in income-tax rates. Bush was clear about what was "voodoo" about the tax cut. It would result in an increase in the inflation rate of the same magnitude. A 30% tax cut would result in an additional 30 percentage points of inflation.
^Niskanen, William A. (1992). "Reaganomics". In David R. Henderson (ed.). Concise Encyclopedia of Economics (1st ed.). Library of Economics and Liberty. OCLC 317650570, 50016270, 163149563
^"Reagan's Economic Legacy". Bloomberg Businessweek. June 21, 2004. Retrieved July 2, 2018.
^Dinesh D'Souza (1997). Ronald Reagan: How an Ordinary Man Became an Extraordinary Leader. Touchstone. pp. 124–125. ISBN 0-684-84823-6.
^Cite error: The named reference U.S. Debt was invoked but never defined (see the help page).
^Paul Krugman (2007). The Conscience of a Liberal. W.W. Norton & Company. ISBN 978-0-393-06069-0.
Reaganomics (/reɪɡəˈnɒmɪks/; a portmanteau of Reagan and economics attributed to Paul Harvey), or Reaganism, were the neoliberal economic policies promoted...
the 1980 presidential election. In his first term, Reagan implemented "Reaganomics", which involved economic deregulation and cuts in both taxes and government...
with his implementation of supply-side economic policies, dubbed as "Reaganomics" by both supporters and detracters. His policies also included the largest...
Telephone". In April 2012, a live backing video for an early version of "Reaganomics" was uploaded to Cicierega's second channel, edited from clips of Ronald...
Thatcherism Third Way New Democrats New Labour Positive non-interventionism Reaganomics Rogernomics Economic liberalization in India Governance Association of...
CEO from 1971 to 1980. In the Reagan administration, Regan advocated "Reaganomics" and tax cuts as a means to create jobs and to stimulate production....
federal regulations. The administration's economic policies, known as "Reaganomics", were inspired by supply-side economics. The combination of tax cuts...
to support this." The Laffer curve and supply-side economics inspired Reaganomics and the Kemp-Roth Tax Cut of 1981. Supply-side advocates of tax cuts...
McCarthyism Modern timeline New Right Old Right Overview Reagan Doctrine Reaganomics Stalwart Republicans Southern Agrarians Intellectuals Babbitt Boorstin...
Press, 1997. ISBN 0-231-11165-7 Trahair, R.C.S. From Aristotelian to Reaganomics: A Dictionary of Eponyms With Biographies in the Social Sciences. Santa...
Thatcherism Third Way New Democrats New Labour Positive non-interventionism Reaganomics Rogernomics Economic liberalization in India Governance Association of...
Stevenson, Richard (February 8, 2000). "The Battle of the Decades; Reaganomics vs. Clintonomics Is a Central Issue in 2000". The New York Times. Retrieved...
pp. 160. ISBN 978-0-313-38218-5. Amadeo, Kimberly (31 January 2020). "Reaganomics". The Balance. Archived from the original on 25 May 2021. Retrieved 13...
McCarthyism Modern timeline New Right Old Right Overview Reagan Doctrine Reaganomics Stalwart Republicans Southern Agrarians Intellectuals Babbitt Boorstin...
McCarthyism Modern timeline New Right Old Right Overview Reagan Doctrine Reaganomics Stalwart Republicans Southern Agrarians Intellectuals Babbitt Boorstin...
McCarthyism Modern timeline New Right Old Right Overview Reagan Doctrine Reaganomics Stalwart Republicans Southern Agrarians Intellectuals Babbitt Boorstin...
McCarthyism Modern timeline New Right Old Right Overview Reagan Doctrine Reaganomics Stalwart Republicans Southern Agrarians Intellectuals Babbitt Boorstin...
confronted with a different reality as they entered the workforce during Reaganomics and the shift from a manufacturing to a service economy, which ushered...
McCarthyism Modern timeline New Right Old Right Overview Reagan Doctrine Reaganomics Stalwart Republicans Southern Agrarians Intellectuals Babbitt Boorstin...
corporate greed and corruption, and is seen as a rebuke of the era's Reaganomics policies. Its success created a franchise: the sequels RoboCop 2 (1990)...
McCarthyism Modern timeline New Right Old Right Overview Reagan Doctrine Reaganomics Stalwart Republicans Southern Agrarians Intellectuals Babbitt Boorstin...
McCarthyism Modern timeline New Right Old Right Overview Reagan Doctrine Reaganomics Stalwart Republicans Southern Agrarians Intellectuals Babbitt Boorstin...
McCarthyism Modern timeline New Right Old Right Overview Reagan Doctrine Reaganomics Stalwart Republicans Southern Agrarians Intellectuals Babbitt Boorstin...