What’s really offensive here?
Right after work, when I noticed that I was copied in an email between Mr. Kumaran Pillai and someone from the Infocomm Media Development Authority (“IMDA’). As mentioned in previous postings, the Independent Singapore does pick up a few of pieces that I publish on my personal blog. The piece that the Independent picked...
The broken windows of Singapore
The fallacy of broken windows was introduced by French economist Frédéric Bastiat in 1850. This is the economic idea of opportunity cost, which is something that is unseen. Bestiat illustrated with the parable of a cobler whose son broke a pane in the window at his shop. All the folks who came said well, it's just too bad,...
Just Don’T Say The ‘R’ Word
According to MOM’s monthly unemployment report for June, Singapore's overall unemployment remained at 2.1 per cent; resident unemployment, 2.9 per cent; and citizen unemployment, 3.1 per cent. Howbeit, it reflects a quaint time in history when we also have an interesting "worker demographic" situation related in part to the...
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