Voodoo Economics

Filed Under » ,
Dictionary Says

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". 
Investopedia Says

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.

Related Definitions

  •

    Deficit

    A situation in which liabilities exceed assets, expenditures exceed income, imports exceed exports, or losses exceed profits.
    Read More »

  • Fiscal Policy

    Government spending policies that influence macroeconomic conditions. These policies affect tax rates, interest rates and government spending, in an effort to control the economy.
    Read More »

  • Inflation

    The rate at which the general level of prices for goods and services is rising, and, subsequently, purchasing power is falling. Central banks attempt to stop severe inflation, along with ...
    Read More »

    • Keynesian Economics

      An economic theory stating that active government intervention in the marketplace and monetary policy is the best method of ensuring economic growth and stability.
      Read More »

    • The Clark Medal

      An informal name for the John Bates Clark Medal, which is a prize awarded annually by the American Economic Association to an economist working in the United States who is younger than ...
      Read More »

    • Reaganomics

      A popular term used to refer to the economic policies of Ronald Reagan, the 40th U.S. President (1981–1989), which called for widespread tax cuts, decreased social spending, increased ...
      Read More »

    • Supply-Side Theory

      An economic theory holding that bolstering an economy's ability to supply more goods is the most effective way to stimulate economic growth.
      Read More »

    • Voodoo Accounting

      Any form of accounting that does not follow principles of conservatism. While there are many methods by which financial statements can be fudged, it always comes down to inflating ...
      Read More »

    • Rose-Colored Recession

      The unexpected optimism market observers sometimes experience during a recession. A rose-colored recession reflects the sometimes unwarranted positivity of the general public following ...
      Read More »

    • Kremlinomics

      A financial buzz word used to describe economic policies which some view to be overly leftist. Kremlinomics alludes to the communist policies of the Russian government during the Cold ...
      Read More »

Articles Of Interest

Sponsored links
Hot Definitions
Partner Links
Suggested Definitions