Who was the 40th president of the United States known for his support of neoliberalism and trickle-down economics?

The 40th president of the United States, Ronald Reagan, is widely recognized for his support of neoliberalism and trickle-down economics. His administration, which lasted from 1981 to 1989, implemented significant economic policies that emphasized tax cuts, deregulation, and reductions in government spending on social programs.

Trickle-down economics, also known as supply-side economics, is the theory that benefits provided to the wealthy or businesses will eventually trickle down to the rest of the population in the form of job creation and economic growth. Reagan's tax cuts were particularly aimed at stimulating investment and economic activity, which were central themes of his presidency. His approach marked a shift away from the more interventionist policies of the previous decades, championing a belief in the market's ability to regulate itself and generate prosperity.

Reagan's policies had a lasting impact on U.S. economic policy and are still a topic of debate among economists and policymakers today. His administration's embrace of these principles firmly established him as a key figure in the neoliberal movement.