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⟳.””

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