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.

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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.

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However, charged commentary on political actions, such as the Iraq war and Reaganomics, limit the likelihood that it will draw the unconverted across the aisle.

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Even then, I had indicated that it can't be likened to 'Reaganomics' of the 1980s, which was defined by a distinct economic philosophy known at the time as 'supply side economics.' It was a direct challenge then to the orthodoxy of traditional demand-side economics associated with John Maynard Keynes (hence 'Keynesian' economics).

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He refers to the five "pillars of Reaganomics": sound money, low taxes, spare regulation, minimal spending, and free trade.

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And if this was not enough, the 1980s brought "Reaganomics" and economic policies that definitely pushed the middle class to either join the elites or popular groups in a context of economic crisis.

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The heady days of runaway inflation, a deep recession, the rise of the Yuppie, Reaganomics, the emergence of cable TV, the fall of the Berlin Wall, boom boxes, junk bonds and the Rubik's Cube--so much for the good old days.

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What was Reaganomics? How many states recognize same-sex marriages?--and so much more!

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It is often compared with Reaganomics in the US, Rogernomics in New Zealand and Economic Rationalism in Australia.

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The new-centre right coalition in Oslo will use its vast offshore petrocurrency/fiscal surplus to cut wealth taxes to stimulate growth, a form of supply side Viking Reaganomics. This could be the catalyst for an epic money making rally in the Norwegian kroner.

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