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Frederic S Mishkin: Comfort zones, shmumfort zones (Central Bank Articles and Speeches)

It's a genuine pleasure to address the Virginia Association of Economists here at Washington and Lee University on an important issue in monetary policy. Some of you may be wondering about the meaning of my speech title – "Comfort Zones, Shmumfort Zones." Well, putting the "shm" before a word is a way to cast a bit of skepticism on it. Thus, if your friend tells you that you are "fancy, shmancy," then you might be overdressed for the occasion. And if you exclaim, "Email, shmemail!" then you've just found your inbox overloaded. Of course, there's also a significant distinction between the expressions "shlemiel" and "shlimazel," but that's more-advanced material that I will defer until another speech.