Americans are outraged. Gas prices have risen over 30 percent in four years, electricity has risen by over 30 percent in the last four years, and groceries have risen by over 20 percent. This is infuriating and Americans are well in the right to be disgusted by it. Now, imagine living in a country where gas prices have risen by 350 percent—yes, 350 percent!—in the last year, electricity prices have doubled in one year, and egg prices doubled in the last year…

The first thing one needs to understand about government is the various tools the government has to influence the economy and people’s lives in general. There are three major tools: 1) money or government spending (taxation, debt, and money printing); 2) laws or regulations; and, 3) coercive enforcement (guns). In this case, how has the Nigerian Government deployed these tools?