Urban Planet • Economics Enthusiast • Astrophysics enthusiast • @Lakers fan🏀• @Cristiano Ronaldo 🐐 •FPL Expert(2024/25 OR:56k)• @Max Verstappen 🐐 •
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Joined January 2020
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That’s being generous 😂
We don’t just think Ronaldo is the best, he’s actually the best and the greatest of all time. Stats are there.
No matter where he came from or the struggles he faced, ignorance doesn’t justify breaking the law. There are so many people who never went to school and experienced unbelievable upbringings, yet they don’t behave savagely like this. So No! Let’s fault him for his actions!!
I think people don’t understand that Jomo comes from the school of hard knocks: it’s kill or be killed. Either be a hunter or be hunted, and violence becomes a natural instinct. Ndi zija timati oooh munthuyu sakumva, akuoneka ngati amva ndi mambama. Despite his diplomatic office requiring him to act mightily, I don’t fault him for his actions. I believe his heart is in a good place.
Well… economists will argue that devaluation will make imports more expensive, reducing luxury imports and preserving forex for essential goods. They will also believe it will correct exchange rate misalignment and reduces black-market trading. But this doesn’t work in Malawi.
Suppose 100 million usd enters Malawi in October. At an official exchange rate of MK1,733 per dollar, that translates to approximately MK173.3 billion. Under forward contracts, the kwacha equivalent could be as high as MK250 billion. But actually, this money is exchanged on the black market, where the same 100 million usd fetches MK400 billion.
This raises important questions about monetary policy, liquidity and inflation. Where does the additional MK150 billion come from when foreign exchange is traded at these rates? Does this create additional money in circulation, or is existing liquidity simply changing hands? If new kwacha is created to finance these transactions, what are the implications for the money supply, inflation and the purchasing power of the kwacha?
Ultimately, how does this affect the ordinary Malawian? When more kwacha chases the same goods and services, does it put further pressure on prices and weaken the purchasing power of our salaries? How does the Reserve Bank account for these transactions, and what does this mean for its efforts to control inflation and stabilise the kwacha?
I am genuinely open to learning. I want to understand the mechanics of how these transactions affect the money in our economy and, ultimately, how far can an ordinary Malawian’s salary or whatever they earn from their hustles go?!
CR7 winning the BOAT proves one thing: when genuine people are given a chance to vote, they vote for the real deal. I’m not saying Messi didn’t deserve some of his Ballon d’Ors , but CLEARLY , he wouldn’t have won as MANY if it weren’t for a bunch of corrupt, crooked ournalists!
I agree. Everyone has that feeling at some point, sometimes happens subconsciously. You’d be surprised to find that the person who champions “no jealousy” might be the most jealous person of all. It’s always easier to say you don’t feel that way than to actually experience it.
But you would be surprised to learn that it’s educated people who make some of the most horrible decisions. The problem isn’t necessarily who votes. I tell you what, most of these politicians are smarter than you think, but they leave their brains behind once they get into power
