Voodoo Economics
Definition of 'Voodoo Economics'A slanderous term used by George H. W. Bush in reference to President Ronald Reagan's economic policies, which came to be known as "Reaganomics". |
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Investopedia explains 'Voodoo Economics'Before President Bush became Reagan's vice president, he viewed his eventual running mate's economic policies less than favorably.Reagan was a proponent of supply-side economics, favoring reduced income and capital gains tax rates. |
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