₦airaland Forum

persius555:
There is a ecological green zone just after opebi salvation. That place is a safe habitat for animals like monkey, snake, crocodile.

CFCfan:
Monetary policy is the instrument used by the Central banks to control money supply (including interest rates) in an economy. Since the early 20th century, politicians have been barred from interfering with this core function of the central bank (federal reserve) in the US.

Thus, issues such as banks' interest rates, value of the currency, and liquidity ratio are under the sole authority of the Central Bank, by law.

On the other hand, fiscal policy deals with the use of taxation and allocation of resources by the govt to cater for the economy. Aso Rock, via the FIRS could increase/decrease taxes. Also, it is within the purview of the govt to determine salaries of public officers under the "allocation of resources" side of fiscal policy.

QueenBJ:
Hmm, lets see how it goes

CFCfan:
The development economist got some of his facts wrong. In the US, the president doesn't have a say whatsoever in the monetary policy-making of the Federal Reserve.
In fact, the Federal Reserve is 100% independent from the control of the White House. The only "influence the president has is merely nominating it's chairman.

I wouldn't want professional monetary decisions to be vetoed by Aso Rock. I believe the egg-heads at the CBN should be left alone to formulate Nigeria's monetary policy. Aso Rock should be content with formulating fiscal policy.

asumo12:
another lazy bone like deeeebie


chai



naija pikin

leaders of tomorrow


which way!

which way!!

which way!!!

1MCN:
Quite insightful, engaging, revealing, and yet confusing.

Which way then?

Whizzdom:
Nairaland is becoming more educative day by day.

I like that .....

SUCRE007:
Am leaving tomorrow morning in company of some fellow PCMs

geekychic7:
when are u flying

geekychic7:
when are u flying

cherieberry:
I stay in abuja..y dnt u com to abj on sunday n complete d journey on monday..heard d place is far like hell

erisegun:
yes it is* I hear its 18-20hrs journey* sum say 15hrs # am only sorry4 my black ass

cherieberry:
Yess...whr do u reside? And wen r u leavin!

Nigerdeltaboi:
don't worry erisegun will take care of you

cherieberry:
Yes ooo..taraba - jalingo

erisegun:
sure u ar nt alone. But wot?

erisegun:
cc sucre007

Nigerdeltaboi:
read the last three pages and indentify your people
cc erisegun i don see taraba babe for you ooooo

cherieberry:
No u not..