Crypto currencies
Just last week I was chatting with a friend about Crypto currencies. I was telling him Crypto Currencies have absolutely no basis to become medium of exchange nor investment value. They are just pure speculative tools. A lot of people have mistakenly and erroneously compared Crypto Currencies to Fiat Money and concluded they...
Tragic illusion
One of the tragic illusion that many countries of the 3rd world entertain is the notion that politicians and civil servants can successfully perform entrepreneurial functions. It is curious that, in the face of overwhelming evidence to the contrary, the belief persists. - Dr Goh Keng Swee, former Singapore Deputy Prime Minister,...
Taxi and private hire fares should be left to market forces?
Mr Harry Ong believes that taxi and private hire fares should be left to market forces, that high fares will attract more drivers thus driving fares down. (ST Forum, 11/5/22) I am afraid his belief that the free market will correct itself is badly misplaced. The fact is that many sectors of the free market have been cornered...
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