Reaganomics The Illusion of Prosperity, the Reality of Economic Ruin

This was all based on the failed theory of “trickle-down” economics. The idea that with less paid in taxes, the extra money would be spent on ... The result has been unprecedented government debt. Reagan has tripled the Gross Federal Debt, from $900 billion to $2.7 trillion. Ford and ... But Volcker's policies paid off in the long run. By early 1983 the economy had begun to recover, and by the end of that year unemployment and inflation were ... Ronald Reagan aimed to reduce government size and influence. He believed in cutting taxes, spending, and regulations to give more power to states. Reagan's policies stressed conservative economic values, starting with his implementation of supply-side economic policies, dubbed as "Reaganomics" The Reagan Administration began the destruction of America which has continued right up until today. The administration of Donald Trump has ... In the depths of the 1981-1982 recession, Americans were far more displeased with their president and his policies than were their ... Ronald Reagan saw that reform might reduce government intervention in the economy and further lower tax rates. He convinced the Republicans to support ... increased wealth inequality · an increase in corporate bankruptcies · inadequate tax cuts · increased government spending ... But Reagan stuck to his guns, and the economy did fine. After shrinking 1.9 percent, after inflation, between 1981 and 1982, it grew by 4.5 percent in 1983 ...