An Alternative to Excessive Taxation: Why Kenya Should Print Money

Abstract

I explore the feasibility of printing money as an alternative to excessive taxation in Kenya, especially at a time when the tax burden is increasing and the political environment is destabilizing. I introduce the Money-Expenditure-Output Framework, grounded in Keynesian economics, Modern Monetary Theory, and the Quantity Theory of Money, where I attempt to demonstrate how controlled money printing can stimulate GDP growth, create jobs, and reduce unemployment without triggering excessive inflation. By investing printed monies into productive sectors like housing (the ongoing affordable housing project)  and infrastructure, the framework argues that Kenya can achieve sustainable economic expansion and social welfare improvement. However, I emphasize on the importance of proper fund allocation and governance to mitigate inflationary risks and corruption.