Let me illustrate what happens when Quantitative Easing is managed well and when it is mismanaged as follows: 1. If QE is used rightly, it is a veritable economic management tool that jumpstarts comatose economies back to life. So, let us say our economy produces 1,000 yams and money supply is N100,000, all the money will buy all the yams at N100 per tuber. Now, if the government adopts QE and prints N900,000 so that money supply is now N1 million and uses the money to boost the agricultural sector by clearing the land, buying farm equipment and building processing plants, there will be a sharp rise in output to 20,000 yams. N1m will buy 20,000 yams at N50 per yam so price has crashed (inflation tamed) and jobs created because the workforce that will produce 20,000 yams will be more than the one that produced 1,000 yams! This is the beauty of QE when used for economic growth! However and tragically too, if QE is mismanaged, it spells a death sentence to an economy. Nigeria is mismanag
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