Reaganomics is a portmanteau word of Reagan and economics created by Paul Harvey. It refers to the economic policies created by U.S. President Ronald Reagan during the 1980s and still widely practiced.
The four main ideas of Reaganomics were to reduce the growth of government spending, reduce the federal income tax and capital gains tax, reduce government regulation, and tighten the money supply in order to reduce inflation.
References[change | change source]
- Holley, Joe (March 1, 2009). "Broadcaster Delivered 'The Rest of the Story'". The Washington Post. http://www.washingtonpost.com/wp-dyn/content/article/2009/02/28/AR2009022802096_2.html. Retrieved March 1, 2009.
- "Reaganomics". Concise Encyclopedia of Economics (1st). (1992). Ed. David R. Henderson (ed.). Library of Economics and Liberty. OCLC 317650570, 50016270 and 163149563