Lack of transparency in government’s budget means its position cannot be challenged
“Singapore had $190b cash (Budget) surplus between 2005 to 2014?” is the headline of a TOC article. Is this such a surprise? Is there even a need to add a “?” at the end of the statement? That the government has run cash surpluses far beyond what is reported in the budget and what the state-controlled...
Is it xenophobic to ask relevant questions and be frustrated to find no answers?
“Singapore must avoid deep divisions as seen in the UK, US” so said our Lee Hsien Loong at the APEC summit. He puts the issue down to the narrative of the impact of technology and economic change. In this he firmly puts himself well within the liberal order albeit in his case just the economic version of free markets...
Why Trump may not be as protectionist as his campaign rhetoric suggest
Here is a reason why I think Trump may not be as protectionist as his campaign rhetoric suggest. Let’s look at the fiscal stimulus. The infrastructure spending plan is around US$550b spread over 5 years – a boost to the GDP by 0.5% a year. His campaign tax plan to benefit both households and business adds another...
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