Friday, May 24, 2019
Supply and demand
L$187.6225/US$1.00
The more demand for any product, the more will be the price of it.
The less the supply of something, the more the price.
These are the two major facts in economic theory.
The important lesson here is that to solve the problem you have to supply more of the scarce product.
Or find a way to decrease the demand of the scarce product.
There is unfortunately no piece of legislation that can do anything about this.
Solution:
Find a way to make the flow of US dollars into the country increase.
Produce things that can be sold abroad to bring in foreign currency.
Labels:
audit,
corruption,
debate,
democracy,
developement,
George Weah,
Impunity,
journalist,
lawmakers,
liberian dollar
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