
I agree with every economist out there that fiscal policies,
hypothetically appears an effective channel for nursing an economy. However, if
poorly implemented they can turn into a time bombs that can easily retard the
economy and in a worst scenario trip us into what economist would designate as
hyperinflation. Thus, as the government resolves in this financial quagmire
they should be ardent to exercise the maximum levels of caution so that the projected
objective is realized, less we likely to sink into situations worse than those
experienced in Zimbabwe.
I must also say that our government by virtue of having feeble
unions to bargain for better wages and salaries has been spared the risk of
inflation that comes as a consequence of gradual surge in consumers levels of
income and goods and services prices. This situation though should not be
assumed to be a lasting state of events especially with the trending state of
revolution among African countries where folks are bit by bit becoming aware of
their rights and indulgences provided in their constitutions. Then there should
be accurately specified strategies to keep every economic development in watch
because a time is possibly on its way when economic policies may not be
adequately sufficient to counter the forces of inflation and other economic
downslides.

No comments:
Post a Comment