What describes reagon's economic policies?
free market, allowing for many many competitive buy outs , along with the new data processing and transfer of financial and accounting information.
He did up the social security tax which taxed everyone but only because SS needed it.
He also cut taxes for the top percent and corporate tax. He cut alot alot alot of taxes and did not mind globlizing or sending jobs overseas.
What was an economic policy that advocated a reduction in government spending and cuts in personal income taxes called?
Redistributive policies are policies that are based on the normative principles of distributive justice. For instance, desert-based, difference-principle, strict equality, utilitarian, and others. The idea is to create policies that minimize economic disparity. If there are economic disparities and inequalities, then redistributive policies are needed.
Yes. There is a direct linking. Usually crisis situations arise as a result of poor policies. For ex: a few years ago, the united states had lax economic policies and was practically giving away loans for free. This uncontrolled lending led to a global economic slowdown and a lot of losses to people across the globe. Once a crisis starts, usually economic policies are adjusted to minimize the impact of the crisis