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NAIROBI: Like me, you must have long lost count of the things a shilling, not even ten cents, can no longer buy in our kiosks. This is not just because the cost of living has shot through the roof, but even beggars sneer at you when you give them coins.
Economists argue the cost of living will always go up, just like the cost of production. They will also tell you that many other factors internationally are at play and that is why the dollar is gaining ground against our shilling.

Still others will point out that so long as we import almost everything, including eggs and semen for our cows, a situation made worse by export of non-value-added raw materials, the dollar will always elude us.
But the economists will also tell you that you must match your aspiration or consumption, with your productivity. In other words, you can only wine and dine on the surplus. So before you start carousing, you must be sure you are either not feasting on the capital or eroding your savings for the next venture.

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