TR EMERITUS

It is always remarkable how much praise Singapore gets from liberal or left-leaning economists who should know better. A few years ago the Nobel laureate, Joseph Stiglitz, held Singapore up as a model of how to achieve economic growth while prioritizing social equity and income equality. I thoroughly debunked his arguments in... 

Just as you would not be able to judge the financial soundness of a company by looking at its income statement but would need to see its balance sheet (and cashflow) as well, so using GDP to measure how well a country is doing also has major flaws. In fact GDP is worse because whereas the income statement for a company is meant... 

Talking about Western liberal democracies, the Economist wrote sometime back it is worth remembering that in the distant and not-so-distant past, the authorities took it as read that certain ways of thinking and speaking were so manifestly dangerous and disruptive to society that they should be prevented in every possible way....