Ronald Reagan's Economic Missteps Unraveling the Damage

When Jimmy Carter handed over the presidency to Ronald Reagan, the double-digit inflation he had presided over for three years hurt the poor most of all. Reagan's economic policies highlighted his long-standing dislike of high federal income taxes. Reagan embraced the theory of "supply side economics," feeling ... The Lasting Impact of Supply-Side Economics ... The key to this awesome and unprecedented triumph was Reagan's dismantling of the confiscatory tax codes imposed ... During the 1980s, President Ronald Reagan and his administration instituted several far-reaching economic policies that had both near- and long-term impacts ... Where those regulations were aimed at the greedy, they now penetrated to most Americans lives. Thus, Americans in some ways were displaced by 1980 from the ... When Reagan took office, the US economy was struggling under what was known as “stagflation” – high unemployment coupled with high levels of ... He squeezed inflation out of the economy and lowered taxes. High earners and small business owners prospered allowing them to spend more and ... His opponents contend that Reagan's poor policies, such as bloating the national defense, drastically cutting social services, and making ... The momentum generated in the late 1970s carried over into the Reagan Administration, thanks to a President who extolled the virtues of a free ... The Reagan Administration began the destruction of America which has continued right up until today. The administration of Donald Trump has ...