Deficits, debt and economic literacy: A response to Nigeria’s fiscal critics
THOSE who speak glibly about deficits, debt and fiscal expansion often reveal not economic sophistication, but economic illiteracy disguised as moral outrage. Much of today's opposition rhetoric confuses accounting identities with ideological slogans and mistakes macroeconomic intervention for recklessness. A modern economy is not managed through market romanticism. It is managed through theory, evidence, history and context. The loudest critics…
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