voodoo economics - definition and synonyms

noun
  1.   From our crowdsourced Open Dictionary
    a derogatory name for supply side economics (= the claim that cutting taxes on high incomes would lead to great economic growth, so that tax cuts would pay for themselves)

    Voodoo economics has dominated the conservative movement for so long that it has become an inward-looking cult.

    Submitted from United Kingdom on 06/10/2014