The art of euphenomics
ECONOMICS has traditionally been known as the dismal science, but these days it seems every economist is determined to put a rosy spin on a subject, or cloak it in a euphemism. You thought the Bank of Japan raised interest rates last week? Nonsense; the Bank was merely “terminating its zero-interest-rate policy”. Other examples of euphenomics abound:
This article appeared in the Finance & economics section of the print edition under the headline “The art of euphenomics”
From the August 19th 2000 edition
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