David Stockman

The Theory Behind Reaganomics
The Theory Behind Reaganomics
The Theory Behind Reaganomics The theory behind Reaganomics was sound, but when applied in real life its consequences are still present more than ten years after the fact. The tax cuts applied early in Reagan's first term cemented the ideology for what the next eight years of his reign would uphold. The Economic Recovery Tax Act would cut taxes roughly twenty five percent over a three-year period. The ideology of Reagan's administration quickly received supporters of what he was doing. Entailed