Reaganomics, or Reaganism, were the neoliberal economic policies promoted by U.S. President Ronald Reagan during the 1980s. These policies are characterized as supply-side economics, trickle-down economics, or "voodoo economics" by opponents, including some Republicans, while Reagan and his advocates preferred to call it free-market economics.
Caspar Willard Weinberger was an American politician and businessman. As a Republican, he served in a variety of state and federal positions for three decades, most notably as Secretary of Defense under President Ronald Reagan from January 1981 to November 1987. He was indicted on charges of lying to Congress and obstructing government investigations as part of the Iran–Contra investigation, but was pardoned by President George H. W. Bush before facing trial.
John William Snow is an American economist, attorney, and businessman who is the former CEO of CSX Corporation and served as the 73rd United States secretary of the treasury under U.S. President George W. Bush. He replaced Secretary Paul H. O'Neill on February 3, 2003, and was succeeded by Henry Paulson on July 3, 2006. Snow submitted a letter of resignation on May 30, 2006, effective "after an orderly transition period for my successor." Snow announced on June 29, 2006, that he had completed his last day on the job; Robert M. Kimmitt served as acting secretary until Paulson was sworn in. Snow has since worked as chairman of Cerberus Capital Management.
The Council of Economic Advisers (CEA) is a United States agency within the Executive Office of the President established in 1946, which advises the president of the United States on economic policy. The CEA provides much of the empirical research for the White House and prepares the publicly-available annual Economic Report of the President. The council is made up of its chairperson and generally two to three additional member economists. Its chairperson requires appointment and Senate confirmation, and its other members are appointed by the President.
The National Endowment for the Arts (NEA) is an independent agency of the United States federal government that offers support and funding for projects exhibiting artistic excellence. It was created in 1965 as an independent agency of the federal government by an act of the U.S. Congress, signed by President Lyndon B. Johnson on September 29, 1965. It is a sub-agency of the National Foundation on the Arts and the Humanities, along with the National Endowment for the Humanities, the Federal Council on the Arts and the Humanities, and the Institute of Museum and Library Services.
Paul Adolph Volcker Jr. was an American economist who served as the 12th chairman of the Federal Reserve from 1979 to 1987. During his tenure as chairman, Volcker was widely credited with having ended the high levels of inflation seen in the United States throughout the 1970s and early 1980s, with measures known as the Volcker shock. He previously served as the president of the Federal Reserve Bank of New York from 1975 to 1979.
Joseph "Joe" Wright is an American businessman. From 1988 to 1989, he worked in the United States government as the Director of the Office of Management and Budget for president Ronald Reagan.
Wendy Lee Gramm is an American economist who led the Commodity Futures Trading Commission during the Reagan administration. She is also the wife of former United States Senator Phil Gramm. Gramm has gained notoriety for her role in the Enron scandal.
Bruce Reeves Bartlett is an American historian and author. He served as a domestic policy adviser to Ronald Reagan and as a Treasury official under George H. W. Bush. Bartlett also writes for the New York Times Economix blog.
Clayland Boyden Gray was an American lawyer and diplomat who served as White House Counsel from 1981 to 1993 and as U.S. Ambassador to the European Union from 2006 to 2007. He was a founding partner of the Washington, D.C.–based law firm Boyden Gray & Associates LLP.
James Horace Burnley IV is an American politician and lawyer. He served as the United States Secretary of Transportation from 1987 until 1989, during the administration of President Ronald Reagan. He is a partner at Venable LLP in Washington, D.C.
The presidency of Ronald Reagan was marked by numerous scandals, resulting in the investigation, indictment or conviction of over 138 administration officials, the largest number for any president of the United States.
William Arthur Niskanen was an American economist. He was one of the architects of President Ronald Reagan's economic program and contributed to public choice theory. He was also a long-time chairman of the Cato Institute, a libertarian think-tank.
Robert D. Tollison was an American economist who specialized in public choice theory.
Richard W. Rahn is an American economist, syndicated columnist, and entrepreneur. He is chairman of Improbable Success Productions and the Institute for Global Economic Growth. Rahn writes a syndicated weekly economic column which is published in The Washington Times, Real Clear Markets and elsewhere. He was the vice president and chief economist of the United States Chamber of Commerce during the Reagan administration and remains a staunch advocate of supply-side economics, small government, and classical liberalism.
Martin Anderson was an American academic, economist, author, policy analyst, and adviser to U.S. politicians and presidents, including Ronald Reagan and Richard Nixon. In the Nixon administration, Anderson was credited with helping to end the military draft and creating the all-volunteer armed forces. Under Reagan, Anderson helped draft the administration’s original economic program that became known as “Reaganomics.” A political conservative and a strong proponent of free-market capitalism, he was influenced by libertarianism and opposed government regulations that limited individual freedom. Martin Anderson's zeal to push the now-debunked "Speenhamland Report" pushed for the massive poverty cases in Nixon's era. Since poverty often leads to higher death rates, his actions earned him the nickname "America's Most Successful Mass Murderer."
George Pratt Shultz was an American economist, businessman, diplomat and statesman. He served in various positions under two different Republican presidents and is one of the only two persons to have held four different Cabinet-level posts, the other being Elliot Richardson. Shultz played a major role in shaping the foreign policy of the Ronald Reagan administration, and conservative foreign policy thought thereafter.
The Committee for a Responsible Federal Budget (CRFB) is a non-profit public policy organization based in Washington, D.C. that addresses federal budget and fiscal issues. It was founded in 1981 by former United States Representative Robert Giaimo (D-CT) and United States Senator Henry Bellmon (R-OK), and its board of directors includes past heads of the House and Senate Budget Committees, the Congressional Budget Office, the Office of Management and Budget, and the Government Accountability Office.
The presidency of Ronald Reagan began on January 20, 1981, when Ronald Reagan was inaugurated as the 40th president of the United States, and ended on January 20, 1989.
Kenneth Suggeet George II is an American businessman, politician and diplomat who served as the United States Ambassador to Uruguay from September 2, 2019 to January 20, 2021.
