Uncategorized Archive

  • “Is Greed Good?” is the title of the book which Gekko wrote in “Wall Street 2”. “Who isn’t greedy?” asks Christopher Pang.

    Is Greed Good?

    “Is Greed Good?” is the title of the book which Gekko wrote in “Wall Street 2”. “Who isn’t greedy?” asks Christopher Pang.

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  • Ho Say Peng argues against minimum wage laws from a moral and praxeological perspective.

    The Case against Minimum Wage

    Ho Say Peng argues against minimum wage laws from a moral and praxeological perspective.

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  • Ian Choo considers the case for the living wage. Globalisation and market forces have been the two forces that have been blamed for depressing wages at the bottom of every society, including Singapore.

    Why not a living wage?

    Ian Choo considers the case for the living wage. Globalisation and market forces have been the two forces that have been blamed for depressing wages at the bottom of every society, including Singapore.

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  • Christopher Pang questions whether the minimum wage law indeed will improve general well-being of the economy, and ponders if the minimum wage indeed raises productivity. Often, the worst outcomes result from the best intentions.

    Min. Wage, Max. Damage

    Christopher Pang questions whether the minimum wage law indeed will improve general well-being of the economy, and ponders if the minimum wage indeed raises productivity. Often, the worst outcomes result from the best intentions.

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  • The recent flooding has seemingly boosted the auto repair industry but the folks who made these comments neglected the loss incurred by the car owners. This article attempts to debunk the common misguided economic thinking of most people.

    Looking at Orchard River through a broken window

    The recent flooding has seemingly boosted the auto repair industry but the folks who made these comments neglected the loss incurred by the car owners. This article attempts to debunk the common misguided economic thinking of most people.

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  • In part 2, we shall take a closer look at the causes of hazardous behaviour in the private sector of modern banking, i.e. mortgage broking, securitization and credit rating.

    Moral hazards of modern banking (part 2 of 2)

    In part 2, we shall take a closer look at the causes of hazardous behaviour in the private sector of modern banking, i.e. mortgage broking, securitization and credit rating.

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  • With the wide array of financial services today, moral hazards that arise from these activities increased in tandem. In part 1, Christopher will highlight the hazardous behaviour encouraged by the public sector, namely the central bank and deposit insurance.

    Moral hazards of modern banking (part 1 of 2)

    With the wide array of financial services today, moral hazards that arise from these activities increased in tandem. In part 1, Christopher will highlight the hazardous behaviour encouraged by the public sector, namely the central bank and deposit insurance.

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  • To the layperson with no specialized knowledge in the business of street lights, it is understandable that to conceive the idea of how a private company is to manage street lights is a daunting, and perhaps impossible, task. What is needed is a little imagination, not specialized knowledge.

    A Street Light Problem

    To the layperson with no specialized knowledge in the business of street lights, it is understandable that to conceive the idea of how a private company is to manage street lights is a daunting, and perhaps impossible, task. What is needed is a little imagination, not specialized knowledge.

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  • The private security industry can be considered to be one of the fastest growing industries in Singapore and is expected to continue its growth. But as the industry grows, growth in the wallets of security guards are not kept in pace. Security guards work mostly long hours, about 12 hours a shift, earning between $ 1,300 to $ 1,800 per month gross, depending on seniority and location of workplace .

    Are Private Security Guards Paid According to Regulations ?

    The private security industry can be considered to be one of the fastest growing industries in Singapore and is expected to continue its growth. But as the industry grows, growth in the wallets of security guards are not kept in pace. Security guards work mostly long hours, about 12 hours a shift, earning between $ 1,300 to $ 1,800 per month gross, depending on seniority and location of workplace .

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  • Thomas E. Woods, Jr is a senior fellow at the Ludwig von Mises Institute. In 2009, he published the book “Meltdown: A Free-Market Look at Why the Stock Market Collapsed, the Economy Tanked, and Government Bailouts Will Make Things Worse”. It was on the New York Times Best Seller list for 10 weeks. This is a commentary on the book – particularly for those who have no money or time to buy and read the book.

    Common sense from an uncommon economist

    Thomas E. Woods, Jr is a senior fellow at the Ludwig von Mises Institute. In 2009, he published the book “Meltdown: A Free-Market Look at Why the Stock Market Collapsed, the Economy Tanked, and Government Bailouts Will Make Things Worse”. It was on the New York Times Best Seller list for 10 weeks. This is a commentary on the book – particularly for those who have no money or time to buy and read the book.

    Continue Reading...

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