Before ANC secretary-general Ace Magashule introduced the concept of “quantity easing” into the national discourse, life could be lonely for those who have an interest in such obscure things as sovereign bonds.

Monetary policy was definitely not a subject one brought up at a party. Most conversations would start with someone inquiring about what you did for a living. When you said journalism, the follow-up question would be what type of journalism. At the point where you mentioned sovereign bonds, the other person would either change the subject or politely make an excuse to find someone else to chat to...

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