With extreme social distancing in place, severe movements restriction and work disruption, it is unclear to me the role of economic stimulus. At the very least, its function to stimulate the economy is becoming irrelevant. There is little to stimulate with the supply-side frontier collapsing. Moreover, the earlier stimulus must have been rendered inadequate. It […]

Hail Yellen.

With Chinese New Year being just around the corner, many are expected to leave Kuala Lumpur behind to visit families and relatives who live outside of the city for a week or so. Many of those living or working in the city have left the city. With the Chinese forming more than 40% of the […]

I do not take hard currency idea seriously. Hard currency is a wacky idea. I generally think supporters of hard currency, gold standard advocates being the worst, as non-serious discussants of monetary policy. Hard currency is inflexible and it will exert unnecessary pain in time of crisis. If we had a hard currency all over […]

Anna Schwartz is not a name too familiar with too many Malaysians. That is a shame because her works as an economist wield great influence in this era of economic uncertainty. Read up major financial newspapers, magazines, financial news channels or leading economic blogs and one will come up an idea which she—together with the […]