Not for love of money, but of Humanity. "Greater is he who works for the good of all, then he who works for the good of himself only" ~ Matthew 25:40: "The King will reply, 'I tell you the truth, whatever you did for one of the least of these brothers of mine, you did for me.'"- (NIV). I live in Singapore where the Emperor must not be disturbed.

Friday, March 8, 2013

Mindless money printing- the S$308.4032B reason why inflation in Singapore is so high today.

According to video 'Causes of inflation: Cost-push and demand-pull'[YouTube]
Cost push inflation is input cost inflation caused by land, labour, capital, entrepreneurship- any increase in the cost of these factors increases the final product cost (i.e. an increase in CPI(Consumer Price Index)).

Demand Pull inflation is caused basically by the demand upon certain goods, as measured by the number of dollars people are willing to wage to attain a certain product.

Thursday, March 7, 2013

DPM Teo Chee Hean's half truth explanation of aging problem- case of a selective memory ailment?

"SINGAPORE: Deputy Prime Minister Teo Chee Hean said Singapore's ageing population issue is a one-off problem that resulted from having a very large baby boomer generation from the early 1950s to mid-60s." [Govt to continue studying options on population issues: DPM Teo; CNA, 06Mar2013] (article appended at bottom)