Reaganomics ( /reɪɡəˈnɒmɪks/; a portmanteau of Reagan and economics attributed to Paul Harvey) refers to the economic policies promoted by the U.S. President Ronald Reagan during the 1980s. These policies are commonly associated with supply-side economics, or pejoratively as trickle-down economics or voodoo economics.

The four pillars of Reagan's economic policy were to reduce the growth of government spending, reduce income tax and capital gains tax, reduce government regulation of economy, and control money supply to reduce inflation.

Prior to the Reagan administration, the United States economy experienced a decade of rising unemployment and inflation, (known as stagflation). Political pressure favored stimulus resulting in an expansion of the money supply. President Richard Nixon's wage and price controls were abandoned. The federal oil reserves were created to ease any future short term shocks. President Jimmy Carter started phasing out price controls on petroleum, while he created the Department of Energy. Much of the credit for the resolution of the stagflation is given to two causes: a three year contraction of the money supply by the Federal Reserve Board under Paul Volcker, initiated in the last year of Carter's presidency, and long term easing of supply and pricing in oil during the 1980s oil glut.

Elizabeth Warren (born June 22, 1949) is an American bankruptcy law expert, policy advocate, Harvard Law School professor, and Democratic Party candidate in the 2012 United States Senate election in Massachusetts. She has written several academic and popular books concerning the American economy and personal finance. She contributed to the oversight of the 2008 U.S. bailout program, and also led the conception and establishment of the Consumer Financial Protection Bureau.

Born in Oklahoma City, Oklahoma, Warren attended The George Washington University and the University of Houston. She received a J.D. from Rutgers School of Law–Newark in 1976. Warren taught law at several universities and was listed by the Association of American Law Schools as a minority law professor throughout the 1980s and 1990s. In the wake of the U.S. financial crisis, Warren served as chair of the Congressional Oversight Panel created to oversee the Troubled Assets Relief Program in 2008. She later served as Assistant to the President and Special Advisor to the Secretary of the Treasury for the Consumer Financial Protection Bureau under U.S. President Barack Obama.

Edward Regan "Eddie" Murphy (born April 3, 1961) is an American stand-up comedian, actor, writer, singer, director, and musician.

Box office takes from Murphy's films make him the second-highest grossing actor in the United States. He was a regular cast member on Saturday Night Live from 1980 to 1984 and has worked as a stand-up comedian. He was ranked #10 on Comedy Central's list of the 100 Greatest Stand-ups of All Time.

He has received Golden Globe Award nominations for his performances in 48 Hrs, Beverly Hills Cop series, Trading Places, and The Nutty Professor. In 2007, he won the Golden Globe for Best Supporting Actor and received a nomination for the Academy Award for Best Supporting Actor for his portrayal of soul singer James "Thunder" Early in Dreamgirls.

Eddie Murphy's work as a voice actor includes Thurgood Stubbs in The PJs, Donkey in the Shrek series and the dragon Mushu in Disney's Mulan. In some of his films, he plays multiple roles in addition to his main character, intended as a tribute to one of his idols Peter Sellers, who played multiple roles in Dr. Strangelove and elsewhere. Murphy has played multiple roles in Coming to America, Wes Craven's Vampire In Brooklyn, the Nutty Professor films (where he played the title role in two incarnations, plus his father, brother, mother, and grandmother), Bowfinger, Norbit, and Meet Dave.