Definition of «economic madness»

"Economic madness" refers to a situation or decision that goes against logic and reasoning, leading to negative consequences in the economy. It suggests actions or policies that are irrational, unsustainable, or harmful to the overall health of the economy.

Sentences with «economic madness»

Balls said: «I believe it would be economic madness for George Osborne to go ahead with deflationary spending cuts and the VAT hike that his advisers have been whispering about to the newspapers. (theguardian.com)
And he warned that raising the tax would be «economic madness» as it would depress spending, fuel inflation and hit the struggling retail sector. (channel4.com)
«It is economic madness to use water from the Great Manmade River project for agriculture. (newscientist.com)
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