today i studied . i studied economics. i learnt that when your country has excess foreign exchange, it’s not necessarily good. i also learnt that to rectify the problem, we have to help people spend more through expansionary fiscal and monetary policies, or to revalue our currency. i also learnt that expenditure switching and reducing polices helps to correct a balance of payment deficit.
i find economics a lively subject. probably one of the very few subjects that i have a serious interest in. the value of the subject comes in its almost immediate application to our lives. like a true teacher, it shows values beneth the graph, metaphorically and figuratively. eve realised that the way to increase your capacity in ministry is through suppy side policies? notice that people starts to backslide and retention is poor because the “economy is at full employment” and to rectify it is to implement supply side policies? notice that burn-out rate increase because resources are scarce smiliar to a demand pull cum cost pull inflation and to overcome it you will need to cool the momentum with contractionary fiscal and monetary policies?…… ever wonder how relevant your daily subjects could have been appicable to your ministry ? i realised it.
our ministry needs more than just souls and conviction. you need concrete systems and diligent planning to bring visions and passions to pass.
1% inspiration
99% pesperation
