Many oppositions promised – universal healthcare, free handouts etc. But little do they know how much these will strain on Singapore’s finance. Listen to how DPM Tharman using laymen economics to explain the following economics concepts: 1) Tax and fiscal policy; 2) Income redistribution; 3) Market failure – education, healthcare. Bottom line – no free …
SOCIALISM You have 2 cows. You give one to your neighbour. COMMUNISM You have 2 cows. The State takes both and gives you some milk. FASCISM You have 2 cows. The State takes both and sells you some milk. BUREAUCRATISM You have 2 cows. The State takes both, shoots one, milks the other, and then …
My take – the exit from Euro is inevitable and unprecedented. The good – Greece will have fiscal and monetary autonomy (no longer capped fiscal requirement by EU and can print their currency, Drachma). Greece can thus adopt expansionary fiscal and monetary policies more effectively to stimulate their AD instead of the proposed austerity measures …
Before reading further into this entry, let us observe one minute of silence for the passing of Singapore’s greatest founding father, Mr Lee Kuan Yew on 23rd March 2015, a date all Singaporeans will remember as long as they live. May you R.I.P, Mr Lee. It has come to my attention that although …
Lee Kuan Yew’s Economics Contribution to Singapore Read More »
Previously, we shared about the rising property price in Singapore from from 2008 till end of 2013 using economics theory : Demand and Supply and how is it applicable in Singapore. Today, we will be sharing about the plunging property prices using the same analogy! To deal with ever-rising property prices in 2008, Singapore Government …
Demand and Supply in Singapore – Property Prices Part II Read More »
“The property price is rising faster than rocket?!” So what exactly causes property prices in Singapore to rise and fall? And you will be surprised (or not so surprised), it is determined solely by the Demand and Supply of Singapore Properties! In this two part analysis, we will examine the rise and …
Demand and Supply in Singapore – Property Prices Part I Read More »
Do you know that the three most expensive words in Singapore is ” Yes I Do”? According to a recent Straits Times article, cost of marriage has risen sharply. For a weekday wedding package wedding dinner package for a table of 10 in a 5 star hotel, it would easy cost up to $1,700+, as …
The Swiss Franc has strengthen “only 18%” against the Euro on a single day in 15 Jan 2015. In a nut shell, do you know that products made in Switzerland is approximately “18% more expensive” overnight! It is not everyday that you experience such double digits currency movements! For more reasons of the overnight appreciation, you …
We all know that Saudi is a huge oil exporter and is influential in dictating oil prices. D Currently, oil prices are at all time low of US$50/barrel (versus $100/barrel not too long back). So have you considered why don’t Saudi cuts its oil production to prop up oil prices and its own export revenue? …
Three Reasons Why Saudi Arabia Does Not Want A Higher Oil Price Read More »
We all know that the rise of Hitler and Nazism in Germany after WWI was mainly due to the unfair terms in Treaty of Versailles. But do you know that rise of Nazism was also partially related to Economics, in particularly, an example of hyperinflation? Unable to sustain the debt repayment to its creditor countries …
