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Our PM is also our Finance Minister, just in case you forgot
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SUSManyGer
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 Aug 14 2013, 09:44 PM
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Getting Started
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QUOTE(empyreal @ Aug 14 2013, 08:01 PM) Yep. Its basic keynesian. Govt spending replaces absent demand because if there's no demand, there's no growth, businesses fail, people get unemployed and the recession gets worst - like greece going into recession AND needing to cut spending and jobs. On the contrary, the us and europe are cutting spending. What they're doing now is quantitative easing - printing money - which is not the same as public spending. Quite the opposite, in fact.  LYN mod must be blind to give u elite tag.... |
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SUSManyGer
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Aug 14 2013, 10:12 PM
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Getting Started
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QUOTE(empyreal @ Aug 14 2013, 09:45 PM) im happy to hear which part of it is wrong. QUOTE(empyreal @ Aug 14 2013, 08:01 PM) Yep. Its basic keynesian. Govt spending replaces absent demand because if there's no demand, there's no growth, businesses fail, people get unemployed and the recession gets worst - like greece going into recession AND needing to cut spending and jobs. On the contrary, the us and europe are cutting spending. What they're doing now is quantitative easing - printing money - which is not the same as public spending. Quite the opposite, in fact. Do u know keynesian economic fail in long run without real demand and a way to cover the expenses ???.... e.g. how do Obama stimulus spending result into ??? http://www.forbes.com/sites/briandomitrovi...keynesian-ever/ |
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SUSManyGer
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Aug 14 2013, 10:33 PM
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Getting Started
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QUOTE(robertngo @ Aug 14 2013, 10:23 PM) our major industry are mostly export, weak ringgit is great news no... our major industry is service not export.... our major export is is petrol and palm oil (which demand dropping),... we even need to import our necessity where our agriculture industry can't sufficiently supply,.... unless our service industry provide to global demand... weak ringgit is not good news... |
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