Why was Reagan's solution to the economic problems called Reaganomics?

1 Answer
Sim W.
Apr 12, 2017

It was based on classical liberalism and consisted in "rolling back the state" and promoting the "trickle down" theory.

Explanation:

I answered a similar question:What did Reaganomics do?

The idea of trickle down is basically that giving tax relief to the wealthy will generate more investment because of additional savings and it will eventually create jobs and wages for the poor.

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