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Solving Nigeria’s Budget Paralysis: Urgently Required, A Quantitative Easing Program

It is evidently clear that the current paralysis in the implementation of the 2016 budget is due to the inability to cash back the growth stimuli that were embedded in the budget. This is partly due to a false though unfortunate mindset, that somehow, you can save and starve your way out of a recession. The mindset above, constantly reminds me of a joke one of our IMF

Joseph Stiglitz

GDP Is A Liar

   “GDP is not a good measure of economic performance, it’s not a good measure of wellbeing”.                                              Joseph Stiglitz, …