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...
Lawrence Wong has taken the less than conventional pathway
Lawrence Wong has taken the less than conventional pathway. And he is not pedigree. He was a divorcee. He married after, but has no kids. Except for VJC, he attended Haig Boys’ Primary and Tanjong Katong Secondary. He is not from RI, Hwa Chong or ACS. And his father is no politician or PM. For 12 years before 2011, when he...
The pomposity of PM Lee Hsien Loong’s career achievements
In history there were Nazi Germany Adophl Hitler and Indonesia Achmed Surkarno who crew to the world of their political dominance and achievements while their people suffered in their livelihood. In Singapore Lee Kuan Yew and his superlative politicians including Dr. Goh Keng Swee made world history by transforming Singapore...
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