Voodoo economics

Voodoo economics
Voodoo economics Voo"doo economics, n. (Politics) an economic hypothesis, proposed by President Ronald Regan, that large cuts in tax rates would so stimulate the economy that the tax revenue on the increases in business and personal income would offset the anticipated tax revenue losses, so that such tax cuts would not increasing the federal budget deficit. Its believers do not consider the actual massive deficit increases subsequent to the 1982-83 tax cut as being caused by the tax cut itself, but by other governmental policies. This hypothesis was graphically illustrated by the {Laffer curve}. [PJC]

The Collaborative International Dictionary of English. 2000.

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  • voodoo economics —  Critic’s description of REAGANOMICS.  ► The Reagan political platform included increased defense spending, decreased taxes, and a balanced budget. Critics suggested that these goals could only be simultaneously accomplished using voodoo. “ ‘It’s …   American business jargon

  • Voodoo Economics — Der Begriff Reaganomics (Kunstwort, zusammengesetzt aus „Reagan“ und „economics“, engl. für „Wirtschaft“), auch pejorativ Voodoo Economics, bezeichnet die Wirtschaftspolitik der USA unter Präsident Ronald Reagan. Reagans Wirtschaftspolitik… …   Deutsch Wikipedia

  • voodoo economics — voodoo eco.nomics n [U] AmE economic ideas that seem attractive but that do not work effectively over a period of time …   Dictionary of contemporary English

  • voodoo economics — noun supply side economics …   Wiktionary

  • 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 . Before President Bush became Reagan s vice president, he viewed his eventual running mate s economic… …   Investment dictionary

  • voodoo economics — /vudu ɛkəˈnɒmɪks/ (say voohdooh ekuh nomiks) noun Commerce Colloquial supply side economics. {coined by President George HW Bush with reference to Reaganomics} …   Australian English dictionary

  • voodoo economics — noun (U) AmE economic ideas that seem attractive but that do not work effectively over a period of time …   Longman dictionary of contemporary English

  • voodoo — ☆ voodoo [vo͞o′do͞o΄ ] n. pl. voodoos [Creole Fr, of WAfr orig., as in Ewe (Dahomey and Togo) vodu, fetish, demon] 1. a religion of the West Indies, esp. Haiti, based on beliefs and practices of African and Roman Catholic origin, and noted for… …   English World dictionary

  • Voodoo programming — (a term derived from voodoo economics ) is a tongue in cheek term for using a programming device, system or language which one does not sufficiently understand. The implication is that the code written either should not work, or that the… …   Wikipedia

  • Voodoo — The term Voodoo may refer to:Religions* Haitian Vodou * Louisiana Voodoo * West African VodunAircraft* F 101 Voodoo, an American supersonic military fighter * CF 101 Voodoo, the F 101 in Canadian service * XF 88 Voodoo, a prototype jet fighter… …   Wikipedia

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