Supply-side economic policies were promoted by Ronald Reagan.
Reaganomics ( [ reɪgəˈnɒmɪks ] a portmanteau of [ Ronald ] Reagan and economics attributed to Paul Harvey ) refers to the economic policies promoted by U.S. President Ronald Reagan during the 1980s . These policies are commonly associated with supply-side economics , referred to as trickle-down economics or voodoo economics by political opponents , and free-market economics by political advocates . Ronald Reagan . His supply-side economic policies , dubbed `` Reaganomics '' , advocated tax rate reduction to spur economic growth , control of the money supply to curb inflation , economic deregulation , and reduction in government spending .