Posted on Sep 13, 2015
What EFFECTS does "Reaganomics" Still have on the Country Today?
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Many Have said the Former President Ronald Reagan is the best President we have ever had! I was a child during that era. So I wouldn't have seen the Affects of his Policies. However, a lot of you have. Please Share your Perspective. Did the Country Benefit?
Office of the President (POTUS)
Public Policy
Policy
Money
Economics
Posted 9 y ago
Responses: 9
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He was a charismatic President, but not even remotely among the Best. You've seen the effects of his policies, alright; the fallacy of trickle-down that still haunts us, hugely expanding the failed but still ongoing war on drugs, utter disdain for the poor (and for anything that might help them out), contempt for sound environmental policy, his loud opposition to the Voting Rights Act and the Civil Rights Act, and so-on...
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1LT Aaron Barr
Conspicuous by its absence from this chart is inflation, not to mention the last 4 years of his Presidency.....
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1LT Aaron Barr
Actually, it is there; prime rate went up. Reason being is that increasing the prime rate is the only way to stop inflation; the banks suck the money back into themselves and from there, it goes to the Fed who stops circulating it. Multiplier effect in that high interest rates also encourage saving, which sucks even more money out of the economy and further tames inflation. If one looks at Carter's Presidency and Reagan's first term, we had a combination of both high unemployment and high inflation. The inflation obviated just printing more money as a solution; once inflation was tamed, the economy took off.
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