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.’
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.
Non-existent fellatio… a sure sign that the withdrawal of stimulus was premature.
@Miguel Sanchez
Very good 😀
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.