This Huffington Post article by Stephen Herrington explains the logistics of what makes an economy work and why Reaganomics did not accomplish that and thus does not and did not work. It also explains the lasting effect of Reaganomics on today and how it will drive us into the ground if we do nothing. Stephen Herrington talks about how we will not change because we are blinded by greed from seeing the simple facts and history. He goes on to explain that any economy needs consumers, labor, researchers, and capital in order to advance but most importantly if the laborer’s wages are cut the consumer will not have the money to buy the product of the capital and the economy cannot function. But that is exactly what Reagan did by reducing restrictions and attacking unions.
http://www.huffingtonpost.com/stephen-herrington/reaganomics-fail_b_1617851.html
http://www.huffingtonpost.com/stephen-herrington/reaganomics-fail_b_1617851.html