The moral meaning of economic terms in the media
From Bluematter. Funny, and hits home. The joke is that most of the "good" items (foreign direct investment, affordable houses) necessarily come with the "bad" stuff (current account deficit, falling house prices) at the same time. But you rarely hear this (not so subtle) subtlety explained in articles/TV pieces.
The moral content of economic terminology in the popular press: A guideForeign direct investment (inbound): Good
Current account deficit: Bad
Trade deficit: Catastrophic
Capital account deficit: Not used. Presumably bad.Weak national currency: Bad
Exports: Good
Imports: BadRising house prices: Good
Falling house prices: Bad
Affordable houses: Good
Unaffordable houses: BadFree trade: Neutral
Unfettered free trade: Bad
Fair trade: Good
Outsourcing: Evil
Buying local produce: DivinePay rises: Good
Low interest rates: Good
Inflation: BadCommunism: Very Bad
Socialism: Bad
Capitalism: Bad






