Abstract
Ronald Reagan ran for president on a platform of small government and fiscal responsibility. His economic policies reflected a sharp ideological change from the Keynesian policies embraced by previous presidents, most notably the New Deal policies of President Franklin D. Roosevelt, to a new vision of free market, supply-side, trickle-down economics. This vision and the economic policies associated with Reagan would be given the moniker Reaganomics, a name that has endured over the years. In the words of Rich Thomas of Newsweek, however, “Before there was Reaganomics, there was Milton Friedman,” whose economic theories formed the foundation of Reagan’s economic policies. The Nobel laureate economist, Milton Friedman, developed an almost legendary status among Reagan supporters and became known as the “guru” of the Reagan administration.1
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Notes
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© 2015 Deborah Duncan Owens
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Owens, D.D. (2015). Friedmanomics, School Vouchers, and Choice. In: The Origins of the Common Core. Palgrave Macmillan, New York. https://doi.org/10.1057/9781137482686_3
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