Twitter was on fire when Economist David Ndii a seasoned economist and former NASA strategists drafted a detailed response to one city lawyer Donald Kipkorir.
Donald Kipkorir had stated that the government of Kenya should print ksh750B and inject it in the econimy in order to cushion citizens from the harsh conditions brought about by COVID-19.
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He said that other countries were doing it through a process known as Quantitative Easing to cushion.
To mitigate economy recession/depression by COVID-19,following countries are injecting to their economies: US: us$2Trillion (9% of GDP) UK: us$434B (16% of GDP) Peru: us$26.4B (12.5% of GDP) Above money is from printing excess money, sexily called Quantitative Easing. Kenya prints us$7.5b (about Kshs. 750B) & give every County equivalent to 50% of its annual budget to be used to pay ALL BILLS even those with disputes (EACC/DCI to follow those cheating/stealing). And Central Gov’t to use balance to pay all other Bills. Economy will survive.
Wrote Donald Kipkorir
Ndii then responded to Donald Kiprori’s tweet with a detailed explanation of why his idea was not the best.
In a detailed response, he used fictional names, Kiplombe and Cheplongei to explain that money printing was not the same as quantitative easing.
Here is the detailed response that David Ndii wrote.
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