The Economic Legacy of Ronald Reagan A Cautionary Tale

the Reagan administration. It ... "Earnings Mobility: Permanent Change or Transitory. Fluctuations?" Review of Economics and Smrisrics, 1982, in press. Reagan's approval ratings dropped as deficits increased, interest rates rose as high as 20 percent, unemployment reached 10 percent, even higher for minorities, ... Many Americans credit Reagan with reducing the size of government. In reality, he increased government spending, cut taxes and turned the United ... increased wealth inequality · an increase in corporate bankruptcies · inadequate tax cuts · increased government spending ... The Reagan Administration began the destruction of America which has continued right up until today. The administration of Donald Trump has ... or were hurt by the policies. Page 227. Chapter 21 +. Long-Term Growth. When Ronald Reagan became president in 1981, the American economy was in the midst of a ... 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 ... The momentum generated in the late 1970s carried over into the Reagan Administration, thanks to a President who extolled the virtues of a free ... 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 ... Reaganomics significantly stimulated economic growth, reduced unemployment, and curbed inflation in the US during the 1980s.