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What would it take for Republicans to reject Reaganomics?
Trickle down, Supply side, Reaganomics, call it whatever you want, but it's at the core of our economic woes as a country and yet it remains the predominent theory that America has been working under since the 1980's.
It's clearly failed us, how do we persuade those that still defend it to abandon this failed economic theory?
For those of you asking what I prefer the the Milton Friedman Supply Side approach
I would much rather go back to John Maynard Keynes approach
6 Answers
- stratm663Lv 710 years agoFavorite Answer
republicans have in fact rejected Reaganomics...
they have allowed our manufacturing base to be outsource to the "evil empire" in china...
not a reagan fan....but....he would have never stood by and let a communist nation have our manufacturing base....i'll give the man his due....
- KojakLv 710 years ago
OK..... You say "Supply Side" economics does not work......
FIRST It is not the core of our economic policies.... President Obama is using Keynesian economics not Friedman economics
SECOND If you do not want Supply Side..... WHAT KIND OF ECONOMIC POLICY DO YOU RECOMMEND?
THIRD What evidence do you have that Supply Side economics does not work? Keynesian economics causes high inflation and minimal growth.....caused the Great Depression to last ten years longer than it should ( USC study)
FINALLY John F Kennedy used Supply Side economics long before Reagan arrived on the scene. Supply Side economics was developed by Milton Friedman (1960 ), "the most influential economist of the second half of the 20th century…possibly (the entire century).", and he received a Nobel Prize for his work
"Thumbs Down"....because you do not like it....does not make it wrong....AGAIN....what economic policy do you recommend?
EDIT John Maynard Keynes....!!! ???? What part of "DOES NOT WORK" did you not understand.... it has NEVER worked.... it was postulated in the 1800's and DIED when we globalized
- 10 years ago
The 80s started off in shambles as Reagan inherited Carter's mess. By the end of the 80s, however, under Reaganomics, the economy prospered. So you're telling me, the ONE TIME we really were able to implement it, it worked, and yet you claim it is the root of our problems today?
- KLDLv 410 years ago
No, uncontrolled spending and an out of control federal reserve are the problems. The money the citizen earns DOES NOT belong to the govt.
What do u suggest, hmmm?
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- SocratesLv 710 years ago
Who told you it failed? Revenues increased under Reagan as well as a huge increase in the strength of the economy. The only thing that failed are Administrations who want to spend more than they take in, even when they are taking in more.
- Ron RLv 610 years ago
because nothing trickles down under Obama ........nor does anything trickle up...other than his own personal picks for appointments
