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‘Too Many Imports’

Treasurer Peter Costello, the consumer’s friend:

JOURNALIST:

Are you concerned, you mentioned that there were a few products that were down, breakfast cereals and the like, is there concerns that there’s not more cheaper imports flowing into the market with the dollar so high?

TREASURER:

Well, it is nice to have price falls, but we don’t want too many imports coming into the country.

posted on 25 July 2007 by skirchner in Economics, Financial Markets

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Comments

In defence of Costello, I feel compelled to point out that he might be referring to the inevitable political pain inflicted by economic illiterates who:

a) don’t like imports; and/or
b) think that exports are imbued with some sort of mystical, mythical, magical economic power.

Posted by benson  on  07/27  at  02:55 AM



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