Light

President Ronald Reagan

Definition

President Ronald Reagan refers to the 40th president of the United States who served from 1981 to 1989. He was known for his conservative policies, which included reducing government involvement in the economy and promoting individual liberty.

Analogy

Think of President Ronald Reagan as the captain of a ship who steered the country towards smaller government and greater personal freedoms.

Related terms

Trickle-Down Economics: This term refers to Reagan's economic theory that reducing taxes on businesses and wealthy individuals would stimulate economic growth, benefitting everyone.

Deregulation: This term refers to Reagan's efforts to reduce government regulations on industries such as banking, energy, and transportation, aiming to promote free market competition.

Supply-Side Economics: Also known as "Reaganomics," this term describes the idea that cutting taxes and decreasing government spending can boost economic growth by increasing investment and productivity.