{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

Reaganomics in Principle and Practice

Reaganomics in Principle and Practice - Reaganomics in...

Info icon This preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Reaganomics in Principle and Practice Uneven distribution of wealth notwithstanding, the performance of the economy in general—and the stock market in particular—was strong enough under Reagan's watch to convince most Americans that the president's basic economic outlook was correct. It was that free-market outlook—a set of clear and powerful ideals—that probably ought to be considered Ronald Reagan's most enduring legacy to modern American society. Reagan was not called "The Great Communicator" for nothing. He was as adept as any politician in American history at distilling complex political issues down to simple ideological principles: Economic freedom and political freedom are inseparable. Capitalism is democracy. Heavy government intervention into the market, through taxes or regulation, limits economic growth and threatens individual freedom; tax cuts and deregulation create economic growth and liberate individual initiative. These ideas—which a majority of the American people did not share for most of the twentieth century—were the core tenets of Reagan's conservative economic worldview; Reagan was so successful at selling them that they have since become accepted as
Image of page 1

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern