http://economicconfident...by-sanusi-lamido-sanusi

In my humble opinion probably the most relevant literature in the last 30-40 years from an African perspective.

Doesn't this remind you of what happened in America?
''We are like a poor man with a rich neighbour. The neighbour builds a good house, buys several cars, eat expensive food, travel abroad every year and still have huge balances in several current accounts. Then you choose to live that lifestyle and mortgage your house, take an overdraft from the bank to finance it. Next year it is time to repay the bank, you don't have the money so you go to another bank, borrow enough to pay the first bank principal plus interest and also fund the continuation of the lifestyle.
It continues till you can't borrow anymore and the bank throws you and your family out of your house and you lose everything.''