Voodoo Economics Definition Examples How It Works
What is Voodoo Economics? Explanation Voodoo economics, popularly used by George H. W. Bush, derogatorily refers to an economic policy followed by President Ronald Reagan that aimed at reducing government spending, taxes on income and capital gains, and controlling money supply in the market to reduce inflation to improve the economy of the country. The main aim of the policy was to reduce inflation, simplify taxation, reduce regulations, and reduce government spending so that people were encouraged to invest and save money....