I recently published an essay in the Business Daily where I argued that the logic of Jaindi Kisero, a columnist and senior Editor with the Nation Media Group in whose stable is the Business Daily, on the subject of interest rates is at best flawed and at worst a representation of attention-seeking pretence.
As I suspected, there had to be a response. Predictably, the response is shallow, full of unsubstantiated assertions and can be debunked by my earlier essay, even without changing a word. Kisero talks of data that he does not give in his commentary. I suspect that he does not have the data, but he is trying to hoodwink his readership that his is fact-based.
Here is my take of the style that Kisero espouses: If one has a vested interest or is seeking to draw the attention of some politician(s), then one must seek to sound knowledgeable and authoritative. When the case being argued cannot be taken to bed purely on clear thinking argument, then the refugee will be some committee that is expected to swing a policy surprise - may be some price controlling legislation.
Why else should there be a reference to the much-discredited so-called Ndonde Bill that essentially was seeking to cap interest rates and you have pretended to be a believer in markets? Oh, I know. It is called perfecting the art of speaking from both sides of one's mouth!
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