Why cash transfer is unlikely to work

Kenyans gathered at a past public function. FILE PHOTO | NMG

Now, there is a floating proposal that Kenya should adopt a basic income programme of giving every household a Sh5,000 stipend to cushion them from adverse economic impact of Covid-19. This bad economics seems to be coming from finance professionals who always watch the economy.

The media need to understand that finance professional (accountants/bankers/investment analysts) who watch the economy are not economists, just as political analysts are not politicians nor are all medical professionals doctors.

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