Quoted in Mutebile’s memorable quotes, article written by Lydia Namono, 24 January 2022, Monitor.
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Fiscal deficits which are financed by the central bank through the printing of money are much more inflationary than those financed by borrowing from the market as the latter leaves the money supply unchanged.
— Emmanuel Tumusiime-Mutebile
What It Means
This is a placeholder explanation generated by the low-overhead model. It interprets "Fiscal deficits which are financed by the central bank through the printing of money are much more inflationary than those financed by borrowing from the market as the latter leaves the money supply unchanged." in the context of "Quoted in Mutebile’s memorable quotes, article written by Lydia Namono, 24 January 2022, Monitor." to mean that wisdom is timeless.
Source: Wikiquote: "Emmanuel Tumusiime-Mutebile" (Quotes)
The 'What it means' explanation text was generated by Google Gemini Flash (accessed January 19, 2026). https://gemini.google.com/app
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About Emmanuel Tumusiime-Mutebile
Emmanuel Tumusiime-Mutebile was born on 27 January 1949 and he died on 23 January 2022. He was a Ugandan economist and banker. He served as the governor of the Bank of Uganda, the central bank of Uganda from 2001 until his death on 23 January 2022. He was also the chief monetary, fiscal and economic advisor to the government of Uganda.
About Emmanuel Tumusiime-Mutebile
Emmanuel Tumusiime-Mutebile was born on 27 January 1949 and he died on 23 January 2022. He was a Ugandan economist and banker. He served as the governor of the Bank of Uganda, the central bank of Uganda from 2001 until his death on 23 January 2022. He was also the chief monetary, fiscal and economic advisor to the government of Uganda.
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