The importance of economics education

Is keenly illustrated here:

Asked about overseas investment funds profiteering during a period of economic uncertainty, she said:  ‘I see some of them looking for returns of 20 or 25 per cent, at a time when fellatio is almost non-existent.’

Read more: http://www.dailymail.co.uk/news/article-1315472/French-MEP-Rachida-Dati-confuses-oral-sex-inflation.html#ixzz10lY3rnMT

Then again, everyone is saying there is too little inflation at the moment – so surely a bit of confusion won’t hurt anyone.  Another issue for the Reserve Bank to include in its mandate perhaps?
5 replies
  1. Matt Nolan
    Matt Nolan says:

    @Eric Crampton

    It is an indirect tool to be sure.

    I suspect we need a working group to discuss possible alternative instruments they could use to help reach this target without undue pressure on interest rates and the exchange rate.

  2. Miguel Sanchez
    Miguel Sanchez says:

    Ah, so she knew the difference and just misspoke. So you could say it was merely a slip of the tongue? That it just popped out of her mouth? That she just wasn’t using her head?

    Thanks folks, I’ll be here all week.

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