Light

Ronald Reagan

Definition

Ronald Reagan was the 40th President of the United States (1981–89). His presidency is often associated with supply-side economics or "Reaganomics," which emphasized tax cuts and deregulation to stimulate economic growth.

Analogy

Think of Ronald Reagan as a popular chef who believes in using fewer ingredients (tax cuts) and less cooking time (deregulation) to make his dishes more appealing. Just like this chef's approach might attract more customers to his restaurant, Reagan's policies were designed to stimulate economic growth.

Related terms

Barry Goldwater: A U.S. senator from Arizona who was known for his staunch conservative views. He was the Republican Party's nominee for president in 1964 and is often credited with sparking the resurgence of the American conservative movement during the 1960s.

Conservative Movement: A political ideology in the United States that emphasizes limited government, free markets, individual liberty, traditional values, and a strong national defense.

Supply-Side Economics: An economic theory arguing that economic growth can be most effectively created by lowering taxes and decreasing regulation.