Reaganomics


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Reaganomics

An informal term for supply-side economics, which is a macroeconomic theory stating that a government can best promote growth by providing incentives for persons to produce goods and services. The primary way a supply-side oriented government does this is by maintaining low tax rates so that investors and entrepreneurs may use their money toward production. Maintaining low tax rates on the wealthy is one of the most important and controversial aspects of supply-side economics; the theory states that well off persons have the capital available to produce goods and services and thereby create jobs and grow the economy. Critics contend that this does not happen in reality, and that the wealthy are more likely to keep, rather than invest, their money. Reaganomics acquired the name because it was crucial to the economic policies of the administration of U.S. President Ronald Reagan. See also: Keynesian economics, Monetarism, Trickle-down economics.
References in periodicals archive ?
Like the four pillars in Reaganomics, Abenomics is based on three arrows which are: a) monetary easing b) fiscal stimulus and c) structural reforms.
This is actually interesting and meaningful; 1985 was also the year where the neoliberal supply-side economy policies, referred to as Reaganomics in the US, were in decline with the advent of President Ronald Reagan.
Ya que la Thatcher fue una de las primeras figuras politicas en Llevar a cabo las salvajes practicas del neoliberalismo que tanto debe a los famosos economistas de Chicago y los innombrables poderosos que en Estados Unidos aplicaron la llamada Reaganomics, bautizada por aquel mal actor convertido en carismatico presidente norteamericano y socio y amigo de la Thatcher.
com)-- The Reaganomics, Blue Kuda and Bon Journey took to the stage at the 2012 All Ohio Balloon Fest this month, filling the air with music as the balloonists geared up for flight.
The Reaganomics and Thatcherism's drive for a smaller government and push for privatization though yielded spectacular results in the beginning, but part of their legacy is the mess now being experienced in a form of an international financial and economic crisis.
The early back of the napkin version of the Laffer curve would go on to become the basis for Reaganomics and supply-side economics.
It's beginning to make Reaganomics look almost sensible
Reagan when he was my Commander in Chief when I was in the ARMY from '87-'91," the mystery man writes, "and that I was a real fan of Reaganomics and felt that Pres.
Yet, there was a novel element to Reaganomics and, looking back, it was a powerful element and new to the economic debate.
Reaganomics back in the 80s taught us about the questionable concept of the 'trickle down theory', where wealth supposedly runs downhill like water through the various social levels from the top, benefiting all.
The title track, made famous by folk legend Pete Seeger (who comes out of retirement to add a vocal) is as timely as ever but also boasts new lyrics bemoaning the legacy of Reaganomics.
The New American Economy: The Failure of Reaganomics and a New Way Forward