David Ndii Savagely Deconstructs Lawyer Who Advised Govt to …
Economist David Ndii set the internet alight as he tore into a popular city lawyer over his proposal that the government print…
David Ndii Savagely Deconstructs Lawyer Who Advised Govt to Print Ksh750B – Kenyans.co.ke Main menu David Ndii Savagely Deconstructs Lawyer Who Advised Govt to Print Ksh750B on 31 March 2020 – 12:06 pm Economist David Ndii (left) and lawyer Donald KipkorirFile
Economist David Ndii on Tuesday, March 31 tore into city lawyer Donald Kipkorir who had advised the government to print Ksh750 billion and inject it into the economy as part of the country’s response to the .
In a thread on Twitter, Kipkorir had observed that countries including the United States, the United Kingdom and Peru were injecting billions of dollars into their economies through a process known as Quantitative Easing to cushion them from the shocks brought about by the pandemic.
“Above money is from printing excess money, sexily called Quantitative Easing. Kenya prints $7.5B (about Ksh750 Billion) & gives 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 the central government to use the balance to pay all other bills. The economy will survive,” Kipkorir had argued before Ndii dismissed the proposal as ‘wash wash economics’
Ndii then hit back with a detailed analogy explaining why Kipkorir’s proposal was not feasible. In the economist’s analogy, Ndii cast Kipkorir as the president of a fictional nation called Kiplombe, referring to the lawyer as ‘Young Billionaire Sonko Malong’.
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