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by Andy Is Wicked Married to Penal Colony on June 14th, 2004
Help answer this question below.
by failed_stoic on November 26th, 2008
Denial of the great depression of the 1930's.
by The Special One on November 23rd, 2008
Reaganomics is an economic philosophy that says the economy operates best with little regulation, low taxes, and low government interaction. It put an emphasis on the private sector and argued that the population can do more with their taxes than the government could. So tax cuts on the rich would "trickle down" throughout and, since people wouldn't be "penalized" by taxes, they would work harder.
by Doggie S on November 23rd, 2008
Economic program utilized during the Reagan administration, which emphasized low taxes, low social services spending, and high military spending. Contributed to low interest rates, low inflation, and large budget deficits.
http://www.investorwords.com/4052/Reaganomics.html
by The Wraith of God is Coming on November 21st, 2008
Economic theory a Science Kenyes Economics I may have incorrectly spelt the name.
It is the way the Market works no free lunch etc., see someone paid for it so it was not free.
Trickle down the more capital I have the more I can spend on equipment and or jobs.
Marginal Utility and the sort.
http://en.wikipedia.org/wiki/Keynesian_economics
See unlike others I will provide data.
by -O-uknow on November 23rd, 2008
1980s financial voodoo
by ConservativelyLiberal on November 20th, 2008
Reganomics was the economic plan created by Regans pupeteers, to make themselves wealthy at the expense of the middle class, lower class, and American economy. By reducing taxes, and deregulating the "supply-side" of the economic equation you allow bussiness to regulate themselves. The negative effects can still be seen today, as the American economy is needing multiple multi-billion dollar bailouts, due to poor business management, while companies like B.P.Arco make $50,000 a minute in profit.
by Reagonmic Voodoo on November 20th, 2008
Reaganomics was a fraud perpetrated on the American People to enrich the upper classes and deny the reality that the U.S. government was of the people by the people and for the people/ rather than an enemy force.
It was a perverted form of populism that masqueraded as conservatism but operated in direct opposition to the tenets of Capitalism espoused by Adam Smith.
This was the ultimate rip off because it deprived a whole generation of the opportunity to work in a real way towards improving the overall wealth of this nation.
It prevented the developing of any realistic understanding about how wealth is actually created on a national basis
by Yeahwell... on September 4th, 2007
Here they are.
by Vampyre Bat on September 4th, 2007
"Reaganomics" I also called the trickle-down theory of economics. In essence if in the context of the free--market economy the more wealth amassed or accumulated by the wealthy the better off the entire economy because the money spent by the wealthy and unrestricted big business would trickle-down to the middle and lower classes in the form of wages gained by working, and consuming, and supporting the wealthy property owner/Stockholder. Thereby through their consumption benefit all of society.
by NutritionMom on March 9th, 2007
Reaganomics (a portmanteau of "Reagan" and "economics," coined by radio broadcaster Paul Harvey) is a term that has been used to both describe and decry the free market advocacy economic policies of U.S. President Ronald Reagan, who served from 1981 to 1989. It is comparable to Thatcherism, the economic philosophy of British Prime Minister Margaret Thatcher (1979–1990), who was Reagan's contemporary.
by Reagonmic Voodoo on November 23rd, 2008
Trickle down economics has two basic problems:
Rich People hate:
1. LEAKAGE
2. SPILLOVER
SO IT JUST DIDN'T WORK LOOK AT THE DOW!
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