Definition of voodoo economics in English:

voodoo economics

plural noun

US
informal
  • [often treated as singular] 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’
    • ‘It is about time they start to work out that that is voodoo economics.’
    • ‘Once again, most voters will see the simultaneous promise of tax cuts and public spending increases as voodoo economics.’
    • ‘The single policy is tax cuts - voodoo economics.’
    • ‘When the "deputy spokesperson on voodoo economics" over there on the Opposition benches criticises the tax legislation introduced by this Government it is a little bit rich.’
    • ‘In the old days that was called voodoo economics - somehow one could have one's cake and eat it too.’
    • ‘Well, you know, the accounting in those days, Larry, was voodoo economics, in a sense.’
    • ‘It has been years since I have heard such voodoo economics.’
    • ‘What that adds up to is another case of voodoo economics.’
    • ‘Theoretically, this neo-liberal premise flows from Chicago-style voodoo economics.’
    • ‘As Reagan's vice president Bush learned to live with voodoo economics and suffered the consequences in a one-term presidency.’
    • ‘It is voodoo economics, the sort of economics that is thoroughly discredited in every other First World economy.’
    • ‘So we can see that it is all voodoo economics, and that it will not work.’
    • ‘His father once denounced this supply-side theory as "voodoo economics," and most economists would agree.’
    • ‘It is voodoo economics, indeed.’
    • ‘There is a reason this neoliberalism is called voodoo economics.’
    • ‘The Minister gave an interesting answer in which he claimed that other parties are supporting voodoo economics.’
    • ‘That is not only voodoo economics; it would also take New Zealand back to a failed past of failing public services, funding cuts, and misery for Kiwis.’
    • ‘There's been a lot of voodoo economics spoken about this, and a lot of ideological opposition without a lot of common sense.’
    • ‘He then lapses into what can only be called voodoo economics to prove that the poor are best served by the fiercely competitive private sector.’

Origin

1980s: popularized as a disparaging term by George Bush (see Bush, George) in his 1980 campaign for the Republican presidential nomination.