Speaker Chambers, Former President Sirleaf and the Liberian Economy

The Speaker of Liberia’s House of Representatives, Dr. Bhofal Chambers, took an extraordinarily bold step in addressing issues surrounding the crippling Liberian economy.  In so doing, he suggests a cause of the problem, but offers, what some believe, are ineffectual doses that disregard the underlying weaknesses in the country. The Speaker recommends Liberia scraps the use of its dual currencies regime and return to using the United States (U.S.) dollar as the sole currency – an audacious move towards complete dollarization.  While we agree that Speaker Chambers is correct on the inflation-stopping powers of dollarization – notably, it will...

Read More