Singapore’s Economy Is Held Back by PAP’s Absurd Fixation on Austerity
The Organisation for Economic Cooperation and Development (OECD) has just forecast that the American economy will expand by up to 6.5% this year, up sharply from the 3.2% forecast in December. US growth is for once forecast to be almost the same as China’s, which is predicted to expand by 7.8% over the same period That means...
Fear of loss of privacy with the use of digital currency
One reason that is often quoted against the use of digital currency is that the government can keep track of the citizens – where they go, what they spend on. This fear is overblown. Already, the current ecosystem allows the private companies to have the data. The government can have access to the data, if there is a need. A...
The Enormous True Size of the Reserves
During the Budget Debate on Friday 26 February Heng was asked about using the proceeds from land sales in the Budget. His answer was deliberately disingenuous: “The current approach of spending the land sales proceeds through the NIRC (Net Investment Returns Contribution) avoids these pitfalls, and allows the Government to...
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