|
‘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
(1) Comments | (0) Trackbacks | Permalink | Main
|
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