The Reagan strategy for economic revitalization

In 1981 President Reagan instituted a strategy for economic revitalization which was a major departure from the economic policies followed by previous administrations. In essence, the program sought to reduce substantially the economic burdens of Government spending, taxation, and regulation in order to create an economic environment that would reduce inflation and interest rates, revive incentives for Americans to work harder, spur greater savings, and revive and greatly increase business investment. This paper reviews and analyzes the results of the Reagan Administration's economic strategy thus far.