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Thursday, April 9th, 2020

SARB needs to follow US example and create money. Lots of it – top economist

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by March 25, 2020 Financial News

BizNews — The US has adopted a “whatever it takes” approach by throwing trillions of dollars at its economy to offset the deflationary impact of Covid-19. Independent economist Rian le Roux believes South Africa needs to follow the American example and commit to injecting more than has this far been set aside. The respected former chief economist of Old Mutual says it would be folly to under-estimate the deflationary impact of the 21-day shutdown and other consequences of the war against the virus, arguing that in these unique circumstances, for the SA Reserve Bank to create money is actually a very good idea. – Alec Hogg …

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Author: BizNews The Daily Insider

This article was originally posted on BizNews.

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