RON DERBY: Fly high, fall far on cheap money
Private sector players overrated their skills or were just naive
16 June 2019 - 00:08
There was a cost to the success of central bankers in their capes saving the global economy from creaking and falling over more than a decade ago. It taught, or rather reminded, policymakers that there are easier (and foolhardy) routes to stimulating a stagnant economy and that, by a flick of a switch, they could ensure that the central characteristic of any healthy economy is ensured, that being demand.
We were reminded of that recently with a blathering statement from the central headquarters of the ANC...
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.