₦airaland Forum

RZArecta:
you're not a financial analyst oga, stop lying and even if you insist you are then you're obviously very terrible at your job and I'll advise every sane person to run away from you

justicechichex:
Nice topic OP. Financial analysts, economists oya food don land oh. Mods fp please.

My problem is those responding and claiming financial experts are simply regurgitating textbook inflation analysis which I already envisaged in my post.

Sucre6:
As an economist let me make this as clear as possible in lay man terms

Printing more money will lead to what is called money illusion when huge amount of money is chasing little amount of goods/services.

Printing more money will make the money valueless, which will plunge the country into deep stagflation, which is high unemployment and inflation join together.

Countries that their money has money value than ours would not invest in the economy.

Prices of things will skyrocket like mad, imagine having ten million naira and a price of big loaf of bread is one million naira, u end up spending ten million naira just to feed for 3 days.

With the ridiculous way the value of the money would be the country can't even import anything which will lead to more poverty, even the so call rich men and women would eventually run out of money to spend.

It's a scary situation, during covid 19, tinubu suggested that government should just print more money, I read the news and laughed at his nonchalant statement, which clearly shows that he understands nothing in money generation or managing the resources of the nation, reason why I will vote for Peter obi, not out of sentiment but out of the fact that he understands the uniqueness of Nigeria situation and knows how to economically tackle it.

It appears the responders I'm getting on this issue are plain textbook analysis and not even addressing the issues from the points I posited, especially that the fears you raised, my post envisaged it already?

Can prices be controlled, if not what then is the usefulness of the Pricing Regulatory & Control bodies we have in the country?

What happens to the urgency of Capitalists to get more people employed as to meet rising demands associated naturally from too much money chasing fewer goods?

A305:
Not technically the best option to solve inflation and it would cause more inflation because there would be too much money in circulation chasing fewer goods. This tends to weaken the value of the currency till one loaf of bread could be sold for one million, a text book example of what happened in Zimbabwe some years back.

Zimbabwe kept printing more money to cushion inflation and kept introducing new currency face value until they had one million note face value. It ended in chaos, poverty and protest for a regime change.

So, what you should understand is money management is key factor to stimulating and running the country's economy, when you ruin that by printing more money, you tend to ruin the country itself.

What CBN does to tackle inflation is raise interest rates to discourage banks from lending out the money that creates new money in the system. As every loan in the system creates new money.

I fancy the points you noted however, from the post I made, how do you see the aspect of Price Control Mechanism as a critical vehicle to combat and stiffle inflation before it rears its ugly head, say on bread for example?

Willy7:
I've read this line before, hope they are not trying to make it seem logical or point of discussion? BTW who is the writer supporting in this election? It will enable me draw conclusion. The point raised sounds familiar. Lolz

Lolz my brother @ willy7 ...

Truth is, I don't even have a favourite amongst the 3 likely contenders, Amaechi would have been my preferred choice.

I am really just curious as to "why can't we just print more money and solve the poverty problem in the country?"

Terms like "inflation" and the "devaluing of the naira" are the usual buzz answers to that question. Also, people give the example that if we were to print more money and just give everyone N5,000,000 for example, then everyone would go out and buy things, thus making "THINGS" more scarce and in short supply and hence driving up the prices of things (simple demand/supply economics). But herein lies the catch for me... With TRUE unemployment rate somewhere around 33% in the country, if DEMAND for "THINGS" rose, then I would think that companies would WANT to hire more people and build more processing plants to keep up with demand and raise their profits. So, the influx of cash (printed money) would seem to solve the unemployment problem.

Again, we have agencies that regulates pricing in the economy: PPPRA, Price Control Board (Ministry of Commerce) etc, with those, can't the likely over pricing of commodities (THINGS) be controlled and gazetted to avoid the story of "too much money chasing fewer goods"?

In the final analysis, a robust and health competitive economy would have been created and underemployment issues largely solved.

Economists and Analysts lets discuss?

Sheggz to Bella: Oh my god, I will never leave u, ure my life...

Shegz and Bella after reconciling, are now helping Doyin out of her bed... probably she puked

ItisHi:
Racheal mgbeke feeling funky

Na giddyfia gee am hope

okunwaye:
How e be you for eye now

Maybe I no understand how d thing go, but u stake Liverpool to win, man City to win, abi na my eye? Or this site dey dash money, make we know?

okunwaye:
My game never finish remain psg and porto

Ticket wey Don cut ✂️ since

WeLive:
I know... his girlfriend case
But as the case is still in court, let him be given time to play, even if it is limited

It doesn't make any sense trying to end Masons career because of an allegation thats taking the British judiciary close to a year to substantiate. I feel for the lad, he would have been a top top fire power for United. Plays like RVP

Casemiro for elanga, wrong sub in my opinion

We need security goal, take Rashford out Ten Haag, bring in C Ronaldo

Great100000:
Leicester City 4

Vs

Manchester United 1

If dis na truly you, then no doubt u go dey fail well well for life

.

Amaka and Modella on Arise TV... Amaka says she's about the money and value to her brand.

Man City shouldn't be in d EPL ... imagine plus Haaland... better cheat

Laggafin:
The battle line has been drawn.. wike must go for the kill now or he sinks perpetually

What's d kill really?
In this same Rivers, a 2million man match was organised in support of PO. Wike can't influence the viting pattern nor command a majority vote of Rivers people

Praywith:
Empty excuses

Infact arrant nonsense... what then did they do?

tegax:
Even at that, they wouldn't have mentioned his name as such

You can't know that

Doyin x Amaka

The wakandas on our screen

tegax:
Adekunle needed that hoh win than dotun. Nobody even mentioned dotun so far

Dotun is immuned as a result

Latashia:
Man like Allysyn. Woman like Hermes.

Apt

APC go use this scenario do campaign... criminality and banditry is not only common to Nigeria, its a global phenomenon... FKeyam*

IGoComotYaTeeth:
two weird looking motherfvckers

E taya me sef

safarigirl:
Aww, Hermes dey caress Obaseki head

U saw it too

Wakanda family

gnykelly:
What other plans does he have to help herders in the state.

Typical Anambra man solution. You have to create alternative for herders else there will be clash and resentment.

Cattle rearing is a full time economic enterprise, they should get incorporated with the relevant authority and either buy or lease lands for their then legitimate enterprise. No be rocket science except dem get agenda.

Come o... is Doyin play acting this script... hmmm my bae ooo