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 recognized for his strong advocacy of neoliberalism and the implementation of trickle-down economics. Reagan's economic policies were based on the belief that reducing taxes on businesses and the wealthy would stimulate investment and economic growth, which would ultimately benefit all levels of society as wealth "trickled down." This approach emphasized deregulation, reduced government spending on social programs, and tax cuts aimed at the upper class to encourage job creation and economic expansion.

Under Reagan's leadership, the economy experienced significant shifts, with a focus on free market principles and minimal government intervention. His administration's policies laid the groundwork for contemporary discussions about economic inequality and the role of government in the economy, making his presidency a pivotal moment in the history of American economic policy.