noun[often treated as singular] US informal
An economic policy perceived as being unrealistic and ill-advised, especially a policy of maintaining or increasing levels of public spending while reducing taxation: as governor, he put into practice the same voodoo economics that he would later impose on the country as president
More example sentences
- The single policy is tax cuts - voodoo economics.
- Theoretically, this neo-liberal premise flows from Chicago-style voodoo economics.
- There is a reason this neoliberalism is called voodoo economics.
1980s: popularized as a disparaging term by George H. W. Bush in his 1980 campaign for the Republican presidential nomination.
Definition of voodoo economics in:
- The British & World English dictionary