What economic policy is associated with President Reagan in the 1980s?

The policy associated with President Reagan in the 1980s is Supply-side Economics. This approach emphasizes the idea that reducing taxes and decreasing regulation will lead to increased production, investment, and overall economic growth. Proponents believe that when businesses and individuals pay lower taxes, they have more disposable income to spend or invest, which in turn stimulates the economy.

Reagan's administration implemented this philosophy through significant tax cuts, particularly for higher income earners and businesses, with the expectation that this would "trickle down" benefits to all levels of society, fostering job creation and economic expansion. This strategy marked a shift away from the Keynesian approach, which advocates for increased government spending to stimulate economic demand, particularly during downturns.

By focusing on tax cuts and deregulation, Supply-side Economics became a hallmark of Reagan's economic vision and the broader conservative movement during that era, with lasting impacts on U.S. fiscal policy.