Enduring principle

Definition

An enduring principle refers to a fundamental idea or belief that remains constant and influential over a long period of time. In the context of U.S. economic policies, it signifies a guiding principle that has persisted from the Reagan era through the early years of the twenty-first century.

Related terms

Limited government intervention: The idea that governments should have minimal involvement in economic affairs, allowing individuals and markets to make decisions.

Individual liberty: A core value emphasizing personal freedom and autonomy in making economic choices.

Fiscal responsibility: The principle of responsible financial management by avoiding excessive debt and maintaining balanced budgets.