Post# 1478430116

Qasim [economics professor of Egypt] said that liberalising the exchange rate had massive negative consequences on the size and scope of the Egyptian national and foreign debt, which increased by 253 billion Egyptian pounds in one night.

"It means that the Egyptian who has 100 pounds will lose half of their purchasing power."

The economics professor was reported as posing the question, "Who will pay the value of this loss?"
________
My conclusion:
That someone is a professor, is not a prove that he has a grab on the subject.

6-Nov-2016 5:01 pm