Posted in Economics on December 14th, 2009 2 Comments »
Sugar price per kilogram in Malaysia in 1989 was RM1.20, according to the Food and Agriculture Organization of the United Nations (FAO). Sugar price per kilogram in Malaysia today is RM1.45. If sugar were the only commodity in the world for Malaysia, it would suggest that average annual inflation rate for the past 20 years [...]
Posted in Economics on December 14th, 2009 No Comments »
One of the greatest economists of this century, and perhaps of all times too, died yesterday. Paul A. Samuelson, the first American Nobel laureate in economics and the foremost academic economist of the 20th century, died Sunday at his home in Belmont, Mass. He was 94. His death was announced by the Massachusetts Institute of [...]
The name is Hafiz Noor Shams. I am a libertarian, a fellow at the Institute for Democracy and Economic Affairs and a columnist at The Malaysian Insider. For more about me, go here.