Panic Economics

Definition:

When the economy is driven by fear, whether it is a hurricane, ice storm, or wildfire; can also be political.

Exemplification of usage:

Her: I heard guns are flying off the shelf. Everyone is convinced they’re getting taken away after yesterday’s shooting.

Me: Your guns aren’t going anywhere, it’s in the Constitution. It’s just panic economics.

Her: You’re right. Almost like Y2K all over again.