Summary
With prices set to fluctuate over time because of economic uncertainties, a two-track approach might help save the day.
HAVE YOU ever detected a palpable sense of rising panic within your heart? One that swells from the stark realisation that your once cherished RM1 note just can't buy what it could a decade, a year or even a month ago? If so, you're in good and abundant company. In fact, it isn't just amongst the natural users of the ringgit that this discomfort takes root. The high cost of living was the single most important election issue in nearby Singapore. And almost all who buy and sell in euro, yen, and dollars of the US, Australian or Canadian variety, or any other fiat currency, have begun to feel the pinch.See the full content of this document
Extract
Inflation, Depreciation or Both?
Our world is changing. And while it has become fashionable to blame global warming for pretty much every ailment our fragile planetary ecosystem exhibits, on the economic fronts - both personal and national - there is another megalithic problem that won't go away even if we ignore it.
The depreciation of all paper currency is linked to the ph...See the full content of this document
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