How governments print money
Money itself is like a commodity and it has a price which bows to Keynesian doctrine of supply and demand. The price of a currency is of course its exchange rate in relation to other currencies. All things being equal, an increase in supply of a currency is inflationary because it stimulates spending and foreign goods become...
US-Singapore Free Trade Agreement (USSFTA)
The mainstream media likes to paint a glowing picture of the US-Singapore Free Trade Agreement (USSFTA) - that Singapore has benefited enormously from it, be it trade, employment, technological advancement, even national security. However, there are many downsides for Singaporeans that it will never mention. For consumers, the...
How Much Will This Meal Cost On 1 April?
This morning, I had my favourite Mee Pok and Teh-C Kosong breakfast. The meal cost me $6.60 ($5 for Mee Pok and $1.60 for my drink) On 1 April, the water-hike comes in and one cubic meter of water will cost 20 cents more. How much do you think this meal will cost come 1 April? And how much do you think it will cost on 1 April...
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