I respect TDM a great deal for many of things he’s done. His macro policy recommendations need a lot of work though (excerpt):
KUALA LUMPUR: The ringgit should be pegged at RM2.80 to the US dollar in order to create an environment of certainty in the market, said former Prime Minister Tun Dr Mahathir Mohamad.
Dr Mahathir said the peg would also help businesses manage the rising costs of doing business.
"If the exchange rate is fixed at one rate, it will help businesses plan their budgets for the year, knowing exactly that there the value of the ringgit will not change," he said….