Here is a great article on the absolute and total failure of Reaganomics. I can't think of anything that failed so ignominiously and still was so heatedly defended. We really have to start saying this stuff. Even though they will never admit to being wrong. Because if they're wrong, they are the biggest suckers to ever walk the face of the earth.
Revolution in Reverse
In the face of all this catastrophism, the placid certainties of neoliberal ideology rattle on as though nothing has happened. Remarkably, our governing elites have decided to greet a moment of existential reckoning for most of their guiding dogmas by incanting with redoubled force the basic catechism of the neoliberal faith: reduced government spending, full privatization of social goods formerly administered by the public sphere, and a socialization of risk for the upper class.
Reagan was battling the dire threat of stagflation. I think it's safe to say that a majority of Americans would take stagflation over what we got now.