Tuesday, December 17, 2013

Zero lower bound?

A monastery beer has to adhere to strict rules before it can be given official recognition as a Trappist beer.
One of the rules is that it must be brewed under the auspices of a monastic community. As monasteries, like churches, are gradually emptying, the number of monks is ever-decreasing. For example 35 monks lived at the Orval Monastery in the 1980. Now there are just 12 monks living there.
Brother Bernard of the Orval Monastery told the French regional newspaper ‘L’Ardennais’ that "We are certainly looking for new monks, but we can hardly employ a head-hunter.”
Sounds like a job for fiscal policy.

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