JABULANI SIKHAKHANE: Central banks need to get hot talk flowing to public
03 May 2022 - 15:21
Lyndon Johnson, the 36th US president, once said to his economic adviser, John Kenneth Galbraith: “Did it ever occur to you that making a speech on economics is just like pissing down your leg? It seems hot to you, but not to anybody else?”
Johnson might well have had central bankers in mind. Most of their speak feels hot to them and the small coterie of mostly financial sector economists who scrutinise central bankers’ every word and placement of punctuation marks. But the public has yet to feel the heat of the piss...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.