Reaganomics

Meanings

1. The neoliberal, free market economic ideas and policies of the American president Ronald Reagan (1911–2004) and his two administrations (1981–1989), with a focus on reduced government spending, taxation, and regulations (supply-side economics) and granting potential benefits and encouragement to wealthy people and businesses in particular to drive the rest of the economy (trickle-down hypothesis).

Etymology

Blend of Reagan + economics, equivalent to Reagan + -nomics.