Voodoo Economics
A slanderous term used by President George H. W. Bush in reference to President Reagan's economic policies known as Reaganomics. Investopedia Says:
Before President Bush became Reagan's Vice President, he viewed his eventual running mate's economic policies less then favorably.
Reagan was a proponent of supply-side economics, favoring reduced income and capital gains tax rates. Related Terms:
Deficit
Fiscal Policy
Inflation
Keynesian Economics
Money Supply
Reaganomics
Supply-Side Theory
Voodoo Accounting |