The supply-side fiscal policies introduced during the presidency of Ronald Reagan.
An economic theory espoused by President Ronald Reagan. Reaganomics follows the school of supply-side economics, which believes that the government should cut taxes, especially for the wealthy and businesses. With more funds available, more money will be invested and jobs and economic growth will be created for everyone. Reaganomics says that rising government debt levels are acceptable.
Origin of reaganomics
- Blend of the name of Ronald Wilson Reagan economics
From American Heritage Dictionary of the English Language, 5th Edition