Tinubu Commends NNPCL Over Re-Opening Of Warri Refinery - Politics (4) - Nairaland
Nairaland Forum › Nairaland General › Politics › Tinubu Commends NNPCL Over Re-Opening Of Warri Refinery (10995 Views)
| Re: Tinubu Commends NNPCL Over Re-Opening Of Warri Refinery by ddippset(m): 6:26am On Dec 31, 2024 |
Lithiumite:Jeez 150k? That's just a bag of rice oohh You are so funny,, you sound like 150k is 1,5 million... Yes we all know that too much money in circulation is bad, and that's what countries with minimum wage of 3,000 dollars always talk about but not this miserly 150k na.. Countries with 3,000 dollars minimum wage are talking about too much money in circulation you too with 70k, you are talking!. Haba Bros! 😄😄😄😄 Funny guy... Why not kuku even reduce the minimum wage to 10k so that there won't be "too much money" in circulation. 😄😄 |
| Re: Tinubu Commends NNPCL Over Re-Opening Of Warri Refinery by Lithiumite: 7:16am On Dec 31, 2024 |
ddippset:You need to match liquidity with production.....those guys you talking about produce far more than they consume and even export. With your analogy of a bag of 150k being just a bag of rice if the entire masses have 150k all at same time and goes to the market to go buy same bag of rice,you have pushed up demand without commensurate upswing in production and the seller would take advantage of the situation by selling to whoever is willing to pay more. Take ehailing has an example,when there is high demand for cabs but there are fewer cabs,there would be a surge in prices and a normal trip that should be 3k could go as high as 6k.....it's simple law of demand and supply. |
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