Printing money is dodgy economics
Tuesday December 15 2020
When a country prints money to pay salaries or print money to pay its debts that is not quantitative easing. FILE PHOTO | NMG
By TONY WATIMA
Summary
Those thinking that a country can simply print itself out of its problem and enjoy economic growth are mistaken. The temptation to print money is always sweet for governments but there is also a political price to be paid, which the Omar al-Bashir regime in Sudan can testify to it.
Early this year, economist David Ndii on Twitter gave an excellent explainer about the effects of printing money to an economy, using illustrative names from Elgeyo Marakwet to put his message across.