Reaganomics

E16700

conservative economic policy economic policy macroeconomic policy supply-side economics

Reaganomics is the conservative, supply-side economic program of U.S. President Ronald Reagan, emphasizing tax cuts, deregulation, reduced social spending, and tight monetary policy to curb inflation and stimulate growth.

Aliases (2)

Reagan economic policy ×1
Reaganism ×1

Statements (69)

Predicate	Object
instanceOf	conservative economic policy → economic policy → macroeconomic policy → supply-side economics →
aimedAt	encouraging entrepreneurship → increasing employment → increasing private investment → reducing inflation → reducing size of government relative to economy → stimulating economic growth →
alsoKnownAs	Reagan economic policy →
appliedInJurisdiction	United States federal government →
appliesToJurisdiction	U.S. federal budget policy → U.S. federal regulatory policy → U.S. federal tax system →
characteristic	emphasis on deregulation of markets → emphasis on tax cuts for individuals and businesses → reduction in growth of social welfare spending → support for strong independent central bank →
country	United States →
criticizedFor	benefiting high-income groups disproportionately → contributing to large federal budget deficits → increasing income inequality in the United States → increasing national debt → reducing funding for social programs →
endTime	1989 →
follows	stagflation of the 1970s →
hasEffect	decline in inflation rate in early 1980s United States → long-term shift toward market-oriented policies in U.S. politics → period of economic expansion in mid-1980s United States → rise in unemployment in early 1980s recession →
hasPart	anti-inflation monetary policy → corporate tax reductions → cuts to domestic discretionary spending growth → deregulation → deregulation of energy sector → deregulation of telecommunications sector → deregulation of transportation sector → financial deregulation → increased defense spending → reduced social spending growth → reduction of capital gains taxes → reduction of marginal income tax rates → supply-side tax reforms → tax cuts → tight monetary policy →
implementedBy	Reagan administration → Republican Party (United States) → Ronald Reagan →
implementedThrough	Economic Recovery Tax Act of 1981 → Omnibus Budget Reconciliation Acts of the 1980s → Tax Reform Act of 1986 → budget cuts to domestic programs → deregulatory executive orders →
influencedBy	Arthur Laffer → Chicago school of economics → Laffer curve → Milton Friedman → classical liberalism → laissez-faire economics → monetarism → supply-side economics →
namedAfter	Ronald Reagan →
opposedBy	many Democrats in the United States → progressive economists →
startTime	1981 →
supportedBy	Republican Party (United States) → business interests → economic conservatives →

Referenced by (7)

Subject (surface form when different)	Predicate
Reagan administration → Ronald Reagan →	economicPolicy
Reaganomics ("Reagan economic policy") →	alsoKnownAs
Economic Recovery Tax Act of 1981 →	ideologicalBasis
Thatcherism →	influenced
Omnibus Budget Reconciliation Acts of the 1980s →	partOf
Thatcherism ("Reaganism") →	relatedConcept