Reaganomics

Reaganomics ( /reɪɡəˈnɒmɪks/; (a portmanteau of Reagan and economics attributed to Paul Harvey) refers to the economic policies promoted by the U.S. President Ronald Reagan during the 1980s. These policies are commonly associated with supply-side economics, or pejoratively as trickle-down economics.

The four pillars of Reagan's economic policy were to reduce the growth of government spending, reduce income tax and capital gains tax, reduce government regulation of economy, and control money supply to reduce inflation.