Reaganomics (jan 1, 1981 – jan 1, 1989)
Description:
The most serious attempt at changing the U.S economy since the new deal. His objectives were (1) reduce the growth of government spending, (2) reduce the marginal tax rates on income from both labor and capital, (3) reduce regulation, and (4) reduce inflation by controlling the growth of the money supply. Generally, a failure and the federal debt almost tripled, from $997 billion in 1981 to $2.857 trillion in 1989.
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Ebb and Flow of Liberal Economics
Ebb and Flow of Liberal Economics
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