The Mess that is Singapore: Part II Explaining the Role of the CPF
In our last post, I gave a short and a long answer to questions about the importance of who owns the debt. The short answer is that it doesn’t matter who the government of Singapore owes money to, it still owes money to them. Some readers and posters said that if the Central Provident Fund (Singaporean social security)...
The Mess that is Singapore Part 1: Explaining the Debt
Ever since my paper on Temasek and Singapore was covered in Mostly Economics writing a plea for “clarifications from Temasek and SG govt”, I have begun receiving emails and postings to either explain or defend something further. Today, I will focus on the questions pertaining to the debt side. The basic question numerous...
Ask an economist and the answer is growth
The debate for more population is heating up but the thinking is one track, growth. Without population growth, it will be the end of the Singapore story. Growth is the essence of an economics approach to the country’s problem, or for that matter to any other problems. Send Pavarotti to the economists and the recommendation...
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