Ttalk:


In 1971 during economic recession in the United State of America, Lincoln the president jettisoned the dollar backed by gold policy, institutes social programmes that is aimed at the poor and create a tax leverage for domestic companies while bridging the gap between the rich and the poor through introduction on taxes on the rich.

Since then the dollar has taken the place of gold while emerging economies became slaves to the dollar. What is then is the fear nairanisation of our economy? It is simply the fear of unknown.

Suffice then to say that this approach is welcome only if the government will depart from the present way of spending in order to reduce inflation that will arise as a result of increase naira, but if the money is targeted toward the poor and middle class, this will increase economic activities and rejuvenate our economy from depression.
To me inflation can be better managed than depression