A call to arms…
I have noticed that I have somewhat matured since transferring the blog over to Economonitor. No more silly jokes, no more outright attacks to the eziks (yes, my dear Prof. Wiki, I did mean fenerbahce), etc… So to remind myself of the good old days, some light humor, on the government’s efforts to cool down the economy.
Thanks to economist Mahfi Egilmez and economics journalist Servet Yildirim’s 15-minute morning show at NTV this morning, I have remembered the funny commercial urging the public to spend more to boost the economy during fall 2009. I think it was sponsored by TOBB, the umbrella organization for the industry and trade chambers: An economics journalist, an economics columnist, a banker and even an ex Central Bank governor and the like were going on TV dressed up as a grocer, simitci, florist, etc… and essentially explaining how you could help the economy by consuming more…
Since the government seems to be very reluctant to cool the economy, at least with good old fiscal restraint, and the Central Bank seems to follow suit (I will look goofy if they hike rates tomorrow, but what the heck), maybe it is time for similar commercials, this time urging consumers not to spend:)
Incidentally, the same BRSA that is now trying to curb lending with their measures last weekend, was implicitly threatening banks to extend more credit. Times change, I guess:)….
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