Which president introduced the term "trickle-down economics" during the 1980s?

The term "trickle-down economics" is most closely associated with Ronald Reagan, who implemented economic policies in the 1980s that favored tax cuts for the wealthy and businesses with the belief that the benefits of such tax cuts would eventually "trickle down" to the rest of the population in the form of job creation and economic growth. This approach was a key component of Reaganomics, which aimed to stimulate the economy through supply-side economics. The premise was that by reducing taxes and reducing government regulation, businesses would have more capital to invest, leading to increased production, jobs, and ultimately benefiting all layers of society.

Understanding the economic context of the 1980s is crucial. Reagan's administration focused on stimulating economic growth through policies that prioritized capital investment and incentivized wealth accumulation among the upper classes, believing that this would generate broader economic benefits. This approach sparked significant debate regarding its effectiveness and the distribution of wealth, which continues to be a topic of discussion today.