MAS should issue the CBDC
I wish to put forward the reasons for MAS to issue the CBDC (central bank digital currency). I shall give the name eCash to the CBDC. I will also explain how it can operate. Why should MAS issue eCash? It will replace the issue of currency notes and coins (which I will describe collectively as "cash"). It is costly to issue...
When Kangaroo Meets Kungfu
Just a few days ago in The Globe and Mail, there was an article about how Canada should follow Australia's example in dealing with China because they seem to be better at it. Of course, Canada is facing the ramifications of detaining the Huawei executive and as a result have 2 Canadians who have been in Chinese jail for 2 years...
PAP Government Doesn’t Understand Economics
On November 27 the Public Service Division (PSD) announced that Singapore’s 85,000 civil servants will not receive any year-end bonus this year . This followed the cancellation of the mid-year bonus which was blamed on the economic fallout from the Coronavirus pandemic. This may sound like common sense to many Singaporeans...
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