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.’

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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?
  • I think RBNZ would need something other than interest rates to affect that target.

  • @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.

  • Miguel Sanchez

    Non-existent fellatio… a sure sign that the withdrawal of stimulus was premature.

  • @Miguel Sanchez

    Very good 😀

  • Miguel Sanchez

    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.