Reaganomics

Meaning

1. The neoliberal, free market economic ideas and policies of the American president Ronald Reagan (1911–2004) and his two administrations (1981–1989), with a focus on reduced government spending, taxation, and regulations (supply-side economics) and granting potential benefits and encouragement to wealthy people and businesses in particular to drive the rest of the economy (trickle-down hypothesis).

Etymology / origin

Blend of Reagan + economics, equivalent to Reagan + -nomics.

Sources

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