Reagan's Economic Policies A Catalyst for Economic Instability

The Reaganomics assisted the rich, but hurt the poor. These tax cuts would raise wealth among the rich and then would “trickle down” to all Americans. The ... Forty-two years ago, Ronald Reagan launched America into a great social, economic, and political experiment. hurt by the Reagan proposals for cuts in foodstamps, welfare, school ... trying to send President Ronald Reagan a message: They want jobs - not tax ... Elected in 1980 and inaugurated in 1981, one of Ronald Reagan's main goals was to restore America's faltering economy. Inflation was the top concern for ... the Reagan administration. It ... "Earnings Mobility: Permanent Change or Transitory. Fluctuations?" Review of Economics and Smrisrics, 1982, in press. Reagan and his allies embraced supply-side economics, predicting that cutting taxes on the wealthy would enable them to create jobs, thereby ... 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 ... Reagan's economic policies highlighted his long-standing dislike of high federal income taxes. Reagan embraced the theory of "supply side economics," feeling ... Recent troubles in the American economy can be attributed to a weakening of business regulation in the public interest, which is, in large part, a consequence ... The Reagan administration slashed the priime interest rate by more than half, from an unprecedented 21.5% in January 1981 to 10% in August 1988. This ...