Reaganomics

Paper Summary:

This paper discusses Reaganomics which describes the economic policies adopted by Ronald Regan during his term as United States President throughout the 1980s. The paper discusses the positive and negative aspects of his policies and explores the related issues in depth, providing an overview of the highlights, benefits and drawbacks of Reaganomics.

Table of Contents:
Introduction
Overview Reaganomics
Conclusions

From the Paper:

"With respect to the good that came of Reagan's term, Reagan did help reduce inflation or the rising prices of goods and services. In fact, may have credited Reagan with virtually removing inflation. Since his term in office inflation has not yet reached the high levels it has in the period before his term. His money "policies" and programs encouraged domestic production of certain goods and services, which ultimately helped lower prices. Regan's emphasis on deregulation in certain areas including transportation and communication helped achieve lower prices as well. Samuelson (2004) suggests that lower inflation helped set the stage for better economic expansion throughout the late 1980s and 990s. While high inflation dominated during Reagan's entry into office, his popularity rested largely on his efforts at dramatically reducing inflation rates. During Reagan's term supply rose "faster than demand" resulting in a falling inflation to 4% from 13%, a trend that has continued (WSJ, 2006). Still many suggest that Reagan's tax cuts were at best irresponsible."

Sample of Sources Used:

• Ackerman, F. Reaganomics: Rhetoric vs. Reality. Boston: South End Press, 1982.
• Bluestone, B. & Bennett, H. The deindustrialization of America: Plant closings, community abandonment and the dismantling of basic industry. New York: Basic Books, 1982..
• Niskanen, W.A. & Moore, S. "Policy Analysis - Supply tax cuts and the truth about the Reagan economic record." Cato Policy Analysis, October 22, 1996. 24, March 2006: <http://www.cato.org/pubs/pas/pa-261.html>
• Piven, F.F. & Cloward, R. The new class war: Regan's attack on the welfare state and its consequences. New York: Pantheon Books, 1982.
• Samuelson, R.J. "How Reagan wrestled with inflation." Newsweek, June 10, 2005. 25, March 2006: <http://www.msnbc.msn.com/id/5182017/site/newsweek/>

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