Blog Archives

I am curious at some of the projected fiscal deficit figures which have come out from the internet. A number of them are fanciful. One that I have read has the deficit under Pakatan Rakyat manifesto rising to close to 12% of nominal GDP while BN would be as low as 4%. The 4% figure […]

Life in Kuala Lumpur in the past few weeks has been a constant reminder of our flawed democracy. If you are in the city, look all around you. You will see banners and posters of political parties almost everywhere. Superficially, the colorful show of political flags is a sign of democracy. Now, look closer at […]

Democracy by far is the most respectable way a society can govern itself. That, however, does not mean that democracy has no weaknesses at all. As Winston Churchill is often quoted, “democracy is the worst form of government except all the others that have been tried.” It is the best that we have after thousands […]

I do consider the payment of income tax as a responsibility I must fulfill. As a member of society, I have some responsibilities toward its maintenance. The fact that I am a citizen makes that responsibility of paying taxes doubly important. That responsibility arises from my enjoyment of multiple public goods that exist through public […]

For better or worse, quantity is important in a democratic contest. It is about gaining the majority. It is about popularity. With that as the context, we have to remember we live in a young society. The Department of Statistics estimates that the median Malaysia age in 2010 was slightly above 26 years. In simpler […]

It’s above consensus, so says the missus, so shall we pop the champagne, and start with the campaign?

The tabling of the federal government budget is still ongoing but the Economic Report for 2013 by the Ministry of Finance is already out. Here is where the projected GDP figures and government finance are available for the first time. I think the biggest point about this year’s budget is government spending. In most years, […]

We live in a time of widespread economic crisis. Europe is in recession. For some European countries like Greece, it is effectively the Great Depression all over again. Economic recovery in the US is slow, with the labor market in May registering horrible statistics to suggest that the US recovery may be flagging. On the […]

I am currently at home, contemplating whether I should be going to the biggest event of the year so far or stay at home in my bed, reading books or simply enjoy the Saturday. The biggest event of the year yet is the Bersih’s sit-in in Kuala Lumpur. I participated in both the previous incarnations […]

A trend that is true on an individual level does not necessarily translate into a similar trend on a societal scale. The most famous of all aggregation debates is probably the Keynesian paradox of thrift. Keynesians argue that too much saving by individuals could be unproductive. Too much saving eventually may make everybody poorer because […]

« Prev - Next »