After a period of
Why 'Stupid Economics'
The slogan, "It's the economy, stupid" was famously used by William Jefferson Clinton, during the 1992 presidential election. Clinton capitalised on the recession that followed the economy, following the rise in oil prices after the U.S invasion of Iraq.
As The New York Times reported,
Mr. Clinton and his aides have said from the very beginning that those interests can be summed up in three phrases, which are on a sign in the campaign's headquarters: "Change vs. more of the same. The economy, stupid. Don't forget health care."*Clinton went on to defeat the then seating president, George H.W. Bush.
I believe the phrasing applies to everyday scenarios, whether it be the distribution of income, the passing of the mobile money tax in Uganda, or why the price of kikomando/ "rolex" never goes up year in year out. I will not delve much into core economic theory, as their are far more trained minds than mine in that field, but I'll attempt to provide a perspective on simple every day affairs and scenarios.
Given that I am based in Uganda, majority of my content will be focused on Uganda, and her neighbours - Kenya, Rwanda and Tanzania. Comments to these articles will be highly appreciated, an I promise (at least on my part) to keep the conversation civil.
I hope you enjoy, and find this insightful.
Ceteris Paribus
* Kelly, Michael (31st October 192), "THE 1992 CAMPAIGN: The Democrats -- Clinton and Bush Compete to Be Champion of Change; Democrat Fights Perceptions of Bush Gain," in The New York Times.
