Sunday, December 21, 2008

Is inconsistent behavior funny?

To whit: while perusing the BBC, I found a story about citizens of Ireland traveling to North Ireland due to highly favorable exchange rates between the Euro and the Pound, and there was the predictable, obligatory invocation by an Irish government type person of the patriotic duty to buy from their own borders for tax reasons. Meanwhile, one would rather hope that wherever one has invested money is taking full advantage of the opportunity for arbitrage. Is this funny?


  1. I don't get it. (Neither does Marina)

  2. It's dumb for a government official to tell people not to save money by taking advantage of good exchange rates when financial institutions will be aggressively taking advantage of them. It's ok for your pension to grow, but not for you to buy a cheaper car? Dumb.