fraudonomics en · NOUN
Etymology
From fraud + -onomics.
Meanings
-
(uncountable) Economic system as a whole based on fraud.
And it’s clear that a lot more people here are aware of how fundamentally rotten things are but they’re not willing to face the big fraudonomics bummer yet, preferring instead to stick with specific accusations.
2010, Mark Ames, Confessions of a Wall Street nihilist: forget about Goldman Sachs, our entire economy is built on fraud: