Voodoo Economics

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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".

BREAKING DOWN '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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RELATED FAQS
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    In microeconomics, utility represents a way to relate the amount of goods consumed to the amount of happiness or satisfaction ... Read Full Answer >>
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    Just-in-time (JIT) inventory management focuses solely on the need to replenish inventory only when it is required, reducing ... Read Full Answer >>
  4. What are some examples of Apple and Google's best-selling product lines?

    There are many good examples of product lines in the technology sector from some of the largest companies in the world, such ... Read Full Answer >>
  5. What is a negative write-off?

    A negative write-off is a write-off conducted by a company or accountant after deciding not to pay back an individual or ... Read Full Answer >>
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