Economics_Reganomics

Economics Reganomics The election of the Regan-Bush Republican ticket of 1984 brought many unprecedented and controversial policies to the US economy. Many of these policies,including Reganomics still affect our economy as a whole and are still major points of debates today. Reganomics was not solely based on economics, but rather the included a sense of having moral foundations. Government intervention and regulation of the economy were seen as economically harmful and furthermore morally wrong. It was believed that economic affairs should be left to the wisdom of God and his guidance would produce a successful market and economy. The moral obligation together with extreme Kenseyan theories were the guide to the basic principles of Reganomics. Their objective was to follow a laissez faire attitude,or a hands off government policy. They also wanted to rely on the wisdom of the of the market, meaning that the market is smart enough to take care of and troubleshoot itself,and they tried to use a pol! icy of deregulation which would allow companies to make their own economic decisions with out the government limiting their choices. The administration was also weary of anti-trust laws which did not allow for monopolies in our society. The “deregulation of businesses” tax, economy, reagan, spending, government, administration, taxes, regan, rich, lower, deficits, reganomics, rates, policies, economic, caused, vol, spend, social, market, deregulation, deficit, debt, budget, americans, 1992, true, side, revenue, rather, problem, policy, myths, individuals, individual, income, high, economics, dollar, cut, business, believed, years, while, ture, time, said, review, reduced, recession