Archive for the ‘Economy’ Category
What Economics Can Teach Us About The Irresponsible Fiscal Policies Pursued by Germany and Singapore

What Economics Can Teach Us About The Irresponsible Fiscal Policies Pursued by Germany and Singapore

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... 

Heng needs AI to help him in making Budget forecasts

Heng needs AI to help him in making Budget forecasts

Because if my favourite fortune-teller had made the Budget surplus prediction of S$1.91bn that Heng made in 2017, she would lose all credibility. The 2017 surplus is S$9.6bn: 5 times or 503% bigger than projected last year. This is a miss of S$7.7bn, or, as Chris K points out, nearly 1.8% of GDP. As usual the “blame” for... 

Budget 2018: Government needs to explain $7 billion ‘windfall’, economy in fact weak

Budget 2018: Government needs to explain $7 billion ‘windfall’, economy in fact weak

The PAP government owes Singaporeans an explanation as to how it ‘missed’ statutory boards’ contributions estimate by a mile last year. In Today’s “S’pore posts record S$9.6 billion budget surplus, thanks to ‘one-off’ factors“, the article briefly explained how PAP managed to generate the ‘unexpected’ gargantuan... 



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