Sunday, 7 September 2008

The moral content of economic terminology in the popular press: A guide

Foreign direct investment (inbound): Good
Current account deficit: Bad
Trade deficit: Catastrophic
Capital account deficit: Not used. Presumably bad.

Weak national currency: Bad
Exports: Good
Imports: Bad

Rising house prices: Good
Falling house prices: Bad
Affordable houses: Good
Unaffordable houses: Bad

Free trade: Neutral
Unfettered free trade: Bad
Fair trade: Good
Outsourcing: Evil
Buying local produce: Divine

Pay rises: Good
Low interest rates: Good
Inflation: Bad

Communism: Very Bad
Socialism: Bad
Capitalism: Bad
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9 comments:

  1. Petter8 September 2008 at 16:47

    This post: FANTASTIC!!!

    ReplyDelete
  2. Craig March11 September 2008 at 05:54

    Funny because it's true.

    ReplyDelete
  3. Carl Oberg11 September 2008 at 11:04

    Excellent post.

    ReplyDelete
  4. Matt Nolan15 September 2008 at 11:56

    Spectacularly true :)

    ReplyDelete
  5. American Hero29 September 2008 at 00:43

    I love the part about the home prices. In our town we have a commission trying to "provide affordable homes" (lower prices) and another commission that tries to raise the price of homes (protect homeowners value).

    Do you mind if I quote you?

    ReplyDelete
  6. datacharmer29 September 2008 at 01:00

    American hero - quote freely.

    ReplyDelete
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    Very informative article - it is good to look at econmic terminology from another angele.

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