Meaning of Reaganomics | Babel Free

Definitions

The neoliberal, free market economic ideas and policies of the American president Ronald Reagan (1911–2004) and his two administrations (1981–1989), with a focus on reduced government spending, taxation, and regulations (supply-side economics) and granting potential benefits and encouragement to wealthy people and businesses in particular to drive the rest of the economy (trickle-down hypothesis).

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Equivalents

Examples

“Many opponents of Reaganomics, in fact, don't contend that the program can't work over the long run. But they argue that the program can not work the way the President promised and that the resulting social cost isn't worth it.”

“However, until the wheels came off the wagon in 2008, no doubt existed as to the efficacy of Bush's Reaganomics redux in feathering the nests of his wealthy “base.””

CEFR level