“The only time that debt is a burden to a nation is if the nation is led by a cabal of looters. But in the hands of a visionary administration, debt is a catalyst for rapid development,” he said. But they did not call it debt, they called it ‘using other people’s money’ to advance their cause," he said. “Similarly, in the 1900s, Britain borrowed ‘other people’s money’ to industrialise. “Will they end up in private pockets or will they be used to accelerate economic advancement?” he asked.

Source: Daily Nation June 02, 2022 14:50 UTC