This is not the easiest subject to cover. Especially not when this entry is made via Blackberry.
The economy is a lot like our body. If it's sick,you can prescribe it medication,which helps solve the current condition,or you can subscribe to a long-term health program,which may help prevent any other condition from cropping up.
For example,inflation is like high fever. Increasing the interest rate is like panadol. But combining prudent fiscal policy with flexible monetary principle while ensuring stable economic growth is a long term program that sounds easy but often than not,is way harder to implement.
A lot like you being asked to watch your diet, stop smoking, exercise everyday and have a lot of rest etc. Easier said than done.
I'm hearing a lot of intelligent and not-so-intelligent people giving their opinion on our economic situation. More often than not, the "stupid" folks have a better grasp of the underlying problem than over-trained analysts.
I'm triggered to write a bit of this because I'm genuinely filled to the brim with ideas. And at the same time I'm reading Bloomberg BW. Which stimulates my mind to produce ideas.
So its a vicious cycle isn't it?
Which is why I'll write about this gradually over the course of this week.
Godspeed.
Sent via BlackBerry from Maxis
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