ABRAHAM DARIUS Dillon, Montserrado County Senator, on Facebook expressed his doubt over the free food distribution promised by the government as stimulus package to ease hardship during the COVID-19 lockdown. WE STRONGLY BELIEVE that spending such a whooping amount for the distribution of food to households, and of course said distributed food might not even feed a household for up to two weeks, maybe not even a week, is a waste of taxpayers’ money. IN ECONOMICS, stimulus refers to attempts to use monetary or fiscal policy (or stabilization policy in general) to stimulate the economy. WHAT WE FIND ironic is the fact that while the government is about to use US$25 million for nationwide food distribution, it is at the same time imposing extra tax of US$0.30 each gallon of petroleum products. INCREASING THE PRICE of petroleum products has the propensity of affecting the economy adversely in several means.

Source: Front Page Africa June 12, 2020 09:00 UTC