arifabdull

I would like to share with you this interesting economic analysis by Wong Ang Peng, published today at Malaysiakini;

Now that the heat and fury of the general election are over, it’s time to focus attention on the economy once again.

Inflation, which has reared its ugly head, steals value. It is an invisible hidden tax that falls most heavily on the poor and the lower middle income groups.

When price of basic food items rises by 15 to 40 percent, the value of currency is reduced by the same amount. Read the rest of this entry »