Reaganomics was primarily conceived by economist Arthur Laffer, along with advisers such as David Stockman and Martin Feldstein, during Ronald Reagan's presidential campaign and subsequent administration in the 1980s. The economic strategy emphasized tax cuts, deregulation, and reducing government spending to stimulate economic growth. Laffer's "Laffer Curve" illustrated the idea that lower tax rates could potentially increase tax revenues by boosting economic activity. This approach aimed to combat stagflation and promote a free-market economy.
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