Romantic Myth of Crypto Currency
My friend sent me links on Crypto Currencies to show that it can be a "Currency" or "Money" and why people supported such Money. One of the articles has a very romantic reasoning, they are against the monopoly of money creation by the government or ruling elites as they view this as a "Pyramid Ponzi" scheme controlled by the...
Crypto currencies
Just last week I was chatting with a friend about Crypto currencies. I was telling him Crypto Currencies have absolutely no basis to become medium of exchange nor investment value. They are just pure speculative tools. A lot of people have mistakenly and erroneously compared Crypto Currencies to Fiat Money and concluded they...
Taxi and private hire fares should be left to market forces?
Mr Harry Ong believes that taxi and private hire fares should be left to market forces, that high fares will attract more drivers thus driving fares down. (ST Forum, 11/5/22) I am afraid his belief that the free market will correct itself is badly misplaced. The fact is that many sectors of the free market have been cornered...
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