MICRO FINANCE unknown to many is the sole panacea to mass poverty eradication in human society.The blog specifically focuses on the industry around the world but with more bias on Africa-unarguably the poorest region of the world.
February 22, 2020
ECLECTICS:WHAT DID WE LEARN FROM KEYNES?PART 19 B.
nor lower wages.The unpalatable outcome was massive retrenchment to cut cost and unemployment spiraled.The decline in economic growth was caused by decline in consumer demand and Nixon three attempts also backfired.First the Federal Reserve attempt to fight inflation tends to worsen it.The Fed.revised Federal fund rate and then jerked it down to combat recession.
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