Pronunciation: /vuːduː ˌɛkəˈnɑmɪks/
noun a derogatory term for economic theories or practices considered to be misguided or flawed
A1 Voodoo economics is a term used to describe economic policies that are based on unrealistic assumptions.
A2 Some people believe that voodoo economics can lead to negative consequences for the economy.
B1 Critics argue that voodoo economics often involves cutting taxes without considering the impact on government revenue.
B2 The concept of voodoo economics gained popularity during the 1980s, particularly in relation to supply-side economics.
C1 Economists have debated the effectiveness of voodoo economics in stimulating economic growth and reducing unemployment.
C2 The term voodoo economics is often used in a derogatory manner to criticize economic policies that lack sound theoretical basis.
formal The concept of voodoo economics refers to the economic theories that are considered unrealistic or overly optimistic.
informal Some people believe that voodoo economics is just a fancy term for wishful thinking.
slang I don't buy into that voodoo economics nonsense - it's all smoke and mirrors.
figurative His plan to boost the economy seemed like a form of voodoo economics, promising big results with little substance.
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