1/10
This makes for the saddest reading this year. For a number of reasons which I will articulate;
(i) Politicization & weaponizing of statistics
(ii) Technocrats reduced to water carriers.
This makes for the saddest reading this year. For a number of reasons which I will articulate;
(i) Politicization & weaponizing of statistics
(ii) Technocrats reduced to water carriers.
https://twitter.com/mthulincube/status/1386663400344858628
2/10
The herald editorial makes all sorts of claims, as does many analysts given the reduction in inflation from 837.5% to 194.7% in seven months.
The editorial is dangerous. As it removes economic statistics from the realm of economics to the realm of politics.
The herald editorial makes all sorts of claims, as does many analysts given the reduction in inflation from 837.5% to 194.7% in seven months.
The editorial is dangerous. As it removes economic statistics from the realm of economics to the realm of politics.
3/10
Having failed to economically change the structural issues in the economy it seems the new strategy is to fix the output numbers. So politicians can claim success of “single digit” inflation.
The veneer becomes the perfect. This is dangerous in Economics.
Having failed to economically change the structural issues in the economy it seems the new strategy is to fix the output numbers. So politicians can claim success of “single digit” inflation.
The veneer becomes the perfect. This is dangerous in Economics.
4/10
In Economics, inflation is always a monetary phenomenon. It’s directly linked to money supply.
The weaponization of statistics is when you have an editorial of April 2021 inflation but zero context to April 2021 money supply.
The last published RBZ report was Dec 2020
In Economics, inflation is always a monetary phenomenon. It’s directly linked to money supply.
The weaponization of statistics is when you have an editorial of April 2021 inflation but zero context to April 2021 money supply.
The last published RBZ report was Dec 2020
5/10
The editorial decouples inflation from its economic direct relationship with money supply.
Nkosana Moyo asks the question if the end justifies means. The Herald & GOZ seem to think so.
Nkosana argues this is dangerous because the ends will corrupt the system.
The editorial decouples inflation from its economic direct relationship with money supply.
Nkosana Moyo asks the question if the end justifies means. The Herald & GOZ seem to think so.
Nkosana argues this is dangerous because the ends will corrupt the system.
6/10
When you’ve 500% money supply increases, a fixed exchange rate, falling wages, negative real interest rates, declining inflation becomes a cause of great concern. And not a cause for celebration.
You cannot destroy economic relationships for political expediency.
When you’ve 500% money supply increases, a fixed exchange rate, falling wages, negative real interest rates, declining inflation becomes a cause of great concern. And not a cause for celebration.
You cannot destroy economic relationships for political expediency.
7/10
The idea of technocrats in government & cabinet plays directly into Nkosana’s argument of political management of dissent. To see Prof Ncube reduced to water carrying is a dangerous precedent for our state & future generations.
The idea of technocrats in government & cabinet plays directly into Nkosana’s argument of political management of dissent. To see Prof Ncube reduced to water carrying is a dangerous precedent for our state & future generations.
8/10
What does it say about the 5 & now 7 non voted technocrats?
What does it say about the idea of the technocratic national transitional Authority? Where supposedly technocrats can lead us to nirvana. Or the Church’s political sabbath? Or ED’s presidential advisory council?
What does it say about the 5 & now 7 non voted technocrats?
What does it say about the idea of the technocratic national transitional Authority? Where supposedly technocrats can lead us to nirvana. Or the Church’s political sabbath? Or ED’s presidential advisory council?
9/10
It all speaks to the same thing. Technocrats are water carriers for politicians in Zim. Unless the politics changes, technocrats will do the bidding of their political masters.
It all speaks to the same thing. Technocrats are water carriers for politicians in Zim. Unless the politics changes, technocrats will do the bidding of their political masters.
10/10
The herald editorial is an epitaph of technocrats in GOZ. How does a PAC member tell the president fixing exchange rate doesn’t work? That expropriation of export receipts to subsidize imports is dangerous?
Dr Gono went through the same. It ended badly. A lesson lost.
The herald editorial is an epitaph of technocrats in GOZ. How does a PAC member tell the president fixing exchange rate doesn’t work? That expropriation of export receipts to subsidize imports is dangerous?
Dr Gono went through the same. It ended badly. A lesson lost.
• • •
Missing some Tweet in this thread? You can try to
force a refresh
