Reaganomics
noun/ˌreɪɡəˈnɒmɪks/
/ˌreɪɡəˈnɑːmɪks/
[uncountable]- the economic policies of US President Ronald Reagan. They involved reducing taxes for companies to help them increase production and create jobs. Government spending was also cut, mainly in the area of social welfare. This made the economy strong but greatly increased the national debt.
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Reaganomics