It was a promise of unprecedented prosperity – albeit trickle-down for
some – as taxes are cut and would pay for themselves in a growing economy,
without cooking books (or printing money).
“Greed works” was the boast of voodoo economists in a wisecracking mood.
Just get the government out of the way.
It is well-known where it all ended. Reagan’s budget deficits became larger than
the sum of all U.S. deficits before Reaganomics, to be exceeded only by George W. Bush, who
followed Reagan’s script of cutting taxes for the rich and ran up $4 trillion in red ink
during his eight years in office. . .