Rubinomics Definition
Rubinomics, a portmanteau of Rubin and economics, was originally used to collectively describe the economic policies of President of the United States Bill Clinton. It is named after Robert E. Rubin, former United States Secretary of the Treasury.
Rubinomics emphasizes the importance of balancing the government budget. Taxes should match government spending in the long run, and deficit-financed tax cuts are not an effective way to increase growth.