Definition of voodoo economics in English:

voodoo economics

Syllabification: voo·doo ec·o·nom·ics

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.

Origin

1980s: popularized as a disparaging term by George H. W. Bush in his 1980 campaign for the Republican presidential nomination.

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Pronunciation: skōSH
noun
a small amount; a little