Reaganomics refers to the economic policies implemented by U.S. President Ronald Reagan during the 1980s. The main principles included tax cuts, deregulation, and reducing government spending. The goal was to stimulate economic growth by allowing individuals and businesses to keep more of their earnings, which would, in theory, lead to increased investment and job creation. A key feature of Reaganomics was the belief in supply-side economics, which posits that lower taxes on businesses and the wealthy can lead to greater production and economic expansion. Critics argue that these policies disproportionately benefited the rich and increased income inequality, while supporters claim they revitalized the American economy.