Medicare: The Return To ‘Elewe-omo||Sheriffdeen Tella
Inflation has a way of trivialising economic realities. It turns production, outputs, income and even profits into emptiness or nothingness. The high values of salaries and wages, real income and profits are eroded. Fixed-income earners and those who save their money in banks are negatively affected because of the inverse relationship between the price of goods and the value of money. Those who invest rather than save their funds may likely earn higher income if well managed. So, when a central bank says its monetary policy framework is targeting inflation, you must take that institution very seriously but the institution itself must be in constant touch with the commodity and financial markets dynamic games to achieve its aim. However, it is not just the central bank because crimes are implicitly associated with inflation. After some rounds of lawn tennis games in my club at the weekend, we settled down to social interactions and started discussing Nigeria’s economic affairs. What els