Reaganomics

thumb|thumbtime=16:09|Reagan gives a televised address from the Oval Office, outlining his plan for tax reductions in July 1981. Reaganomics (; a portmanteau of Reagan and economics attributed to Paul Harvey), or Reaganism, were the neoliberal economic policies promoted by Ronald Reagan, president of the United States from 1981 to 1989. These policies focused mainly on supply-side economics. Opponents (including some Republicans) characterized them as "trickle-down economics" or Voodoo Economics, while Reagan and his advocates preferred to call it free-market economics.

The pillars of Reagan's economic policy included increasing defense spending, slowing the growth of government spending, reducing the federal income tax and capital gains tax, reducing government regulation, and tightening the money supply in order to reduce inflation.