1276264468997.jpg (JPEG Image, 486x600 pixels) - Scaled (90. Sen Bernie Sanders Amazing Speech DEC 02 2010 .flv. Obama-Record.jpg (JPEG Image, 500x343 pixels) Reaganomics. Reagan gives a televised address from the Oval Office, outlining his plan for tax reductions in July 1981 Reaganomics (/reɪɡəˈnɒmɪks/; a portmanteau of Reagan and economics attributed to Paul Harvey)[1] refers to the economic policies promoted by U.S.
President Ronald Reagan during the 1980s and still widely practiced. These policies are commonly associated with supply-side economics, referred to as trickle-down economics by political opponents and free market economics by political advocates. The four pillars of Reagan's economic policy were to reduce the growth of government spending, reduce the federal income tax and capital gains tax, reduce government regulation, and tighten the money supply in order to reduce inflation.[2] Historical context[edit]