{"id":1633,"date":"2008-04-24T23:24:17","date_gmt":"2008-04-24T15:24:17","guid":{"rendered":"http:\/\/maddruid.com\/?p=1633"},"modified":"2009-03-09T00:18:21","modified_gmt":"2009-03-08T16:18:21","slug":"1627-of-malaysian-keynesians-caught-with-pant-down","status":"publish","type":"post","link":"https:\/\/maddruid.com\/?p=1633","title":{"rendered":"[1627] Of Malaysian Keynesians kicked out of the window?"},"content":{"rendered":"<p>From the look of it, many of the <a href=\"https:\/\/maddruid.com\/?p=1045\">planned huge government expenditures<\/a> are not going to happen any time soon. Where are these Keynesians now, I wonder?<\/p>\n<p>For the uninitiated, one hallmark of Keynesian economic policy is the encouragement of government expenditure, especially during times of low economic activities. The rationale is that these spendings would rejuvenate a faltering economy back on its feet through the famed multiplier effect.<a href=\"#1627note1\"><sup>[1]<\/sup><\/a><a title=\"1627noteback1\" name=\"1627noteback1\"><\/a><\/p>\n<p>At this moment of uncertainty in the Malaysian economy, Keynesians everywhere would more or less give one prescription: more government spending. After the announcement of the  Ninth Malaysia Plan, I had expected that the policy would be impressed upon even harder on the Malaysian leadership by Keynesians. Yet, we might be seeing a roll back on government spending.<a href=\"#1627note2\"><sup>[2]<\/sup><\/a><a title=\"1627noteback2\" name=\"1627noteback2\"><\/a><a href=\"#1627note3\"><sup>[3]<\/sup><\/a><a title=\"1627noteback3\" name=\"1627noteback3\"><\/a><\/p>\n<p>Keynesians, where art thou to stop these rollbacks?<\/p>\n<p align=\"center\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/www.maddruid.com\/Graphics\/reusable\/the__earthinc.png?w=580\" alt=\"Mohd Hafiz Noor Shams. Some rights reserved\" \/> <img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/www.maddruid.com\/Graphics\/reusable\/the__earthinc.png?w=580\" alt=\"Mohd Hafiz Noor Shams. Some rights reserved\" \/> <img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/www.maddruid.com\/Graphics\/reusable\/the__earthinc.png?w=580\" alt=\"Mohd Hafiz Noor Shams. Some rights reserved\" \/><\/p>\n<p><small><a href=\"#1627noteback1\"><sup>[1]<\/sup><\/a> <a title=\"1627note1\" name=\"1627note1\"><\/a> \u2014 See <em><a href=\"http:\/\/en.wikipedia.org\/wiki\/Spending_multiplier\" target=\"_blank\">spending multiplier<\/a><\/em> at Wikipedia<\/small>.<\/p>\n<p><small><a href=\"#1627noteback2\"><sup>[2]<\/sup><\/a> <a title=\"1627note2\" name=\"1627note2\"><\/a> \u2014 KUALA LUMPUR: The nine-month delay in the Penang second bridge project is due to problems in land acquisition, design and rising cost, said Datuk Seri Abdullah Ahmad Badawi. [<a href=\"http:\/\/thestar.com.my\/news\/story.asp?file=\/2008\/4\/23\/nation\/21030211&amp;sec=nation\" target=\"_blank\"><em>Second bridge delay due to costs and design issues<\/em><\/a>. The Star. April 23 2008]<\/small><\/p>\n<p><small><a href=\"#1627noteback3\"><sup>[3]<\/sup><\/a> <a title=\"1627note3\" name=\"1627note3\"><\/a> \u2014  KUALA LUMPUR, April 22 (Reuters) &#8211; Malaysia has shelved plans for a bullet train linking its capital to neighbouring Singapore because of the cost, a top planning official said on Tuesday. [<a href=\"http:\/\/uk.reuters.com\/article\/oilRpt\/idUKKLR13403320080422\" target=\"_blank\"><em>Malaysia drops Singapore bullet train project<\/em><\/a>. Reuters. April 22 2008]<\/small><\/p>\n","protected":false},"excerpt":{"rendered":"<p>From the look of it, many of the planned huge government expenditures are not going to happen any time soon. Where are these Keynesians now, I wonder? For the uninitiated, one hallmark of Keynesian economic policy is the encouragement of government expenditure, especially during times of low economic activities. The rationale is that these spendings [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[43],"class_list":["post-1633","post","type-post","status-publish","format-standard","hentry","category-economics","tag-government-spending"],"_links":{"self":[{"href":"https:\/\/maddruid.com\/index.php?rest_route=\/wp\/v2\/posts\/1633","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/maddruid.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/maddruid.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/maddruid.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/maddruid.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1633"}],"version-history":[{"count":1,"href":"https:\/\/maddruid.com\/index.php?rest_route=\/wp\/v2\/posts\/1633\/revisions"}],"predecessor-version":[{"id":2816,"href":"https:\/\/maddruid.com\/index.php?rest_route=\/wp\/v2\/posts\/1633\/revisions\/2816"}],"wp:attachment":[{"href":"https:\/\/maddruid.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1633"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/maddruid.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1633"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/maddruid.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1633"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}