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Reaganomics According to a 1996 study by the Cato Institute, a libertarian think tank, on 8 of the 10 key economic variables examined, the American economy performed better during the Reagan years than during the pre- and post-Reagan years. The study asserted that real median family income grew by $4,000 during the eight Reagan years and experienced a loss of almost $1,500 in the post-Reagan years. Interest rates, inflation, and unemployment fell faster under Reagan than they did immediately bef
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Reaganomics According to a 1996 study by the Cato Institute, a libert…
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FacebookRiver City Entertainment Group (RCEG)
Reaganomics, refers to the economic policies implemented by President Ronald Reagan during the 1980s, which emphasized tax cuts, deregulation, reduced government spending, and a tight monetary policy to stimulate economic growth. The effects of these policies severely impacted the working class, particularly the working poor. It set in motion the down spiral for the middle class, inequality and transfer of wealth towards the rich. In 1981, Reagan enacted significant budget cuts and eligibility r
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