Presentation Reaganomics

Presentation Reaganomics

Reaganomics : Definition, policies and impact. Madyson Lemeunier

Index

Introduction

Context

Objectives

Consequences

Conclusion

Introduction

Reaganomics ?

- Neoliberal economic policy - Reagan + economics - Focuses on suppy-side economics

Economical COntext

Stagflation

Oil embargo

High budget deficits

Collapse of managed currency rates

Lower interest rates

Objective

Reduce inflation

Reduce

Reduce

Reduce

Support

Taxes for individuals, businesses and investments - Based on Trickle down theory and Laffer curve

Government spending on domestic programs- Cut / Reduce funding to multiple domestic welfare programs, SSA tighten enforcement

Slower money growth in the economy- Federal Reserve tighten the money supply, raise interest rates to reduce borrowing and spending

The burden of regulations on businesses- Remove price controls on oil and gas, remove restrictions on financial services industry

Laffer curve

The base of Reaganomics

CoNsequences

High interest rates helped end double digit inflation

Deregulation encouraged a more open and free market

Tax cuts for rich people, no benefits on working class.

Increase defence spending by 35% in five years

Explanations

Why did it fail?

No economic boom, despite large artificial stimulus. Principle on which Reagan's politics is based on is a failure. Laffer Curve = Laughter Curve

Conclusion

Overview on Reaganomics

Cons

Pros

Public/social programs curtailed National debts and National deficit increased Divide between wealthy and middle/lower class increased

Inflation decreased Taxes decreased Free market increased

References

Youtube videos

Bibliography

What is Reaganomics?

• Reaganomics: Definition, Policies, and Impact.

Here's Why Reaganomics is so Controversial | History

• Stagflation - Wikipedia

• Supply Side Economics - Definition, Three Pillars, Laffer Curve

• Bretton Woods Agreement and the Institutions It Created Explained

The Rich and Poor Under Reaganomics | Lexual Does The 80s #2

• Niskanen, William A. (1992). "Reaganomics". In David R. Henderson (ed.). Concise Encyclopedia of Economics (1st ed.). Library of Economics and Liberty. Archived from the original on April 15, 2023. Retrieved August 29, 2013.

How Reagan Ruined Everything.

• Trabandt, Mathias; Uhlig, Harald (2011). "The Laffer Curve Revisited". Journal of Monetary Economics. 58 (4): 305–327.

• Roubini, Nouriel (1997). "Supply Side Economics: Do Tax Rate Cuts Increase Growth and Revenues and Reduce Budget Deficits ? Or Is It Voodoo Economics All Over Again?". Stern School of Business. Retrieved January 10, 2012