August 11th, 2007 at 04:56pm
I spotted the following sign outside a jeweller during the week, sadly I did not have the camera with me.
$9 earings…only nine dollars
Based on this, one does have to wonder if putting a sign along the lines of “6.5% interest rates…only 6.5 percent” out the front of the reserve bank would ensure that interest rates stagnate instead of rising again?
It might work, but I’m not entirely sure that certain definitions of “stagnation” which would surely be side-affects, would be such a good thing for the economy:
period of no or slow economic growth or of economic decline, in real (inflation-adjusted) terms.
It’s times like these that I’m glad I’m not an economist.