Reagan's Economic Policies A Tragedy of Errors

This chapter discusses the global impact of Reaganomics. The United States became a net importer during Ronald Reagan's first term as a president. The ... Reagan expanded the Carter administration's efforts to decontrol and deregulate the economy. Congress deregulated the banking and natural gas industries 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 ... The Reagan Administration began the destruction of America which has continued right up until today. The administration of Donald Trump has ... President Ronald Reagan's economic plan, known as 'Reaganomics,' was an attempt to stimulate the inert American economy of the 1970s through supply-side ... The Reagan administration advocated supply-side economics, arguing that tax cuts and reduced government spending would increase investment by ... When President Reagan took office in 1981 the top marginal personal income tax rate was 70 percent. We have retreated a bit from the low tax rates of ... Margaret Thatcher, Ronald Reagan and Donald Trump were all elected on promises of major tax cuts for top earners, arguing that freeing up money for the ... Reagan's economic legacy is mixed. On the one hand, tax reduction and a tightening of interest rates by the Federal Reserve led to a record period of peacetime ... Reagan's primary goal upon taking office was to stimulate the sagging economy while simultaneously cutting both government programs and taxes. His economic ...