I just read on KUNA that the 200kd will be distributed on the 15th of September. You think that's a good idea? Anyone who has studied economics will know that this is the worst idea ever! Think of it this way, if people get 200kd that means 200,000,000 KD of cash added to the money supply, and not any money supply but a part of disposable income. This will increase prices like what happened the last time. Prices increasing will lead to a domino effect inflation. If you think I'm wrong please tell me so, I'd really like to be proven wrong and be given good news.
Enjoy your 200kd.
Tuesday, August 01, 2006
200kd ($692)
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6 comments:
yup inflation it will be.
if it was handed out in cash.
theres a big debate right now about how its going to be distributed.
the consensus is that it'll go stright thru to their accounts, which in most cases means that the banks will get a hold of it for any outstanding loan repayments, cars, houses, holidays(ffs).
the public know this full well, so theyre lobbying to get it given out in cash so they can spendit instead of paying what they already owe.
look at the date, dont banks collect payments around the 15th? i dont have any loans so i could be mistaken.
the question remains, if the intention is to send this traight to the banks,.... how many bad loans are out there?
that scares me more than inflation on a can of coke :P
You're absolutely right!
this is what i keep telling everyone , its just what happened last time ,
Fono n such companies will benefit the most , cause i think ppl will be buying mobiles and such
and plz if u give everybody 200 what is so special ? the money should be distributed more wisely,,
n nice blog ;)
وهل سيفهم شعب الطرارة لغة الارقام؟
Our brother عاجل summed it up. This is why I choose to share my views on the internet because there are people like you (thoose who have commented) who understand things like these. But.. your regular joe (or m7amad..?) wont really get it.
Thank you for ur replies and support. Truly, you are all wise.
You are absolutly right! Its a bad idea indeed, i dont actually get why they keep giving away money.
S,
They want to get the trust of the people by giving them money.
Blue Ice Envy,
It is, but in the wrong way. I'm glad it'll help you with something useful.
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