The Economic Contradictions of Reagan's Policies

Much is being written about Ronald Reagan's successes in economics, politics and foreign affairs. Just as important was how he responded to his failures. 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 ... At what point did less taxation begin to hurt government revenues? Could one ... According to Lyn Nofziger, Reagan did not like Sears and said: “He never. President Reagan instituted tax cuts, decreased social spending, increased military spending, and implemented market deregulation. Reaganomics was influenced by ... The federal debt was about half what it is today, measured as a share of the economy. The Reagan tax cut was huge. The top rate fell from 70 ... The Reagan administration advocated supply-side economics, arguing that tax cuts and reduced government spending would increase investment by ... First, 20 million jobs were created, and the areas of finance and technology expanded over the 8 years thanks to greater economic flexibility. Here's how Reagan's tax cuts in the 1980s favored corporations and the wealthy, setting the stage for 'trickle-down economics' as we know it ... tax. Both during his campaign and after taking office, President Ronald Reagan stated ... way in the economy. This level of military expenditure threatens ... Ronald Reagan saw that reform might reduce government intervention in the economy and further lower tax rates. He convinced the Republicans to support ...