Answer:
Reaganomics refers to the economic policy that President Ronald Reagan put forward in the 1980s. Reaganomics are associated with the liberal supply-economic theory. The four pillars of Reagan's economic policy were the reduction in government spending, the reduction of federal income and capital gains taxes, the reduction of government regulation (laissez faire) and better control over the money supply in order to reduce inflation.
Fiscal policies were joined by policies of strong liberalisations, strongly anti-union decisions culminating in the dismissal of thousands of striking air traffic controllers and heavy cuts in social spending, however offset by a sharp increase in military spending.
Thanks to the cut in the tax burden, industrial production increased sharply, as did employment. Despite this, the increase in public debt due to the policies (of military and non-military expenditure) adopted by the American congress must be emphasized.
