• Nik282000@lemmy.ca
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    1 year ago

    Ronald Reagan’s economic policies, dubbed “Reaganomics” by opponents, included large tax cuts and were characterized as trickle-down economics.

    • Rocket@lemmy.ca
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      1 year ago

      Characterized by who? Trickle down economics isn’t an actual thing, just a joke that made fun of Hoover’s engineering background making him familiar with water tricking down, but not realizing that money ‘trickles up’.