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voodoo economics

Line breaks: voo¦doo eco|nom¦ics

Definition of voodoo economics in English:

plural noun

[often treated as singular] US informal
An economic policy perceived as being unrealistic and ill-advised, in particular a policy of maintaining or increasing levels of public spending while reducing taxation: the numbers do not add up - talk about voodoo economics
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 Bush (see Bush, George) in his 1980 campaign for the Republican presidential nomination.

Definition of voodoo economics in:

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