tag:blogger.com,1999:blog-6297413898275266606.post4750241596926757965..comments2024-03-27T18:15:59.096+08:00Comments on Economics Malaysia: Food Stamps Don’t Workhishamhhttp://www.blogger.com/profile/06265308095732759923noreply@blogger.comBlogger10125tag:blogger.com,1999:blog-6297413898275266606.post-17372062321570040532017-08-22T10:35:23.286+08:002017-08-22T10:35:23.286+08:00cash could be the best food stampcash could be the best food stampjulianhttp://verylongrun.comnoreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-77417616166979899642017-08-18T10:43:02.548+08:002017-08-18T10:43:02.548+08:00@Jason
Yes, it's a systemic problem, not nece...@Jason<br /><br />Yes, it's a systemic problem, not necessarily a choice problem. But relying solely on food stamps relies on the unspoken assumption that there is really neither.<br /><br />At the very bottom, we need to provide BOTH food and shelter. But, in our modern society, would any employer hire somebody who was homeless? Who didn't have an address and contact number?hishamhhttps://www.blogger.com/profile/06265308095732759923noreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-58832953206122424402017-08-18T09:24:52.471+08:002017-08-18T09:24:52.471+08:00I was just about to post a reply regarding the eff...I was just about to post a reply regarding the effectiveness of book vouchers until I saw your last line...<br /><br /><br />"If the parent(s) can’t get work, then a food voucher system effectively loses them any chance at shelter in our society."<br /><br />Can elaborate here, Hisham?<br /><br />My basic understanding at consumer choice theory at that level of poverty is um..poor (bad Jasonhttps://www.blogger.com/profile/03517459200735545587noreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-49193348455167166982017-08-11T02:48:24.892+08:002017-08-11T02:48:24.892+08:00Sorry about the confusion. I was mainly disagreein...Sorry about the confusion. I was mainly disagreeing with the comment by ammarex, its weird how the reply button works. hohttps://www.blogger.com/profile/17988753908738602205noreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-28174620048828845352017-08-09T16:14:45.293+08:002017-08-09T16:14:45.293+08:00@ho
I don't think I said anything about how p...@ho<br /><br />I don't think I said anything about how poverty comes about, only that money creation was not a contributor. And while I agree that institutional development is important, it's hardly the only thing or even the most important factor. The UK of the first industrial revolution was a remarkably corrupt society, for example.<br /><br />I could argue (though I don't hishamhhttps://www.blogger.com/profile/06265308095732759923noreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-22524561811104943162017-08-09T13:13:56.098+08:002017-08-09T13:13:56.098+08:00I disagree. Much of the poverty that we see today ...I disagree. Much of the poverty that we see today is not due to inflation or prices of goods, or in this case oversupply of money. I think the main determinant is institutional development and the type of development ideology. Countries like Haiti in the past had severe check and balance issues with weak institutional development, where the executive arm was free to extract whatever economic hohttps://www.blogger.com/profile/17988753908738602205noreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-64313328631115340922017-08-08T11:45:04.877+08:002017-08-08T11:45:04.877+08:00@Zuo De
Actually, ammarex is correct. He's re...@Zuo De<br /><br />Actually, ammarex is correct. He's referring to <a href="http://econsmalaysia.blogspot.my/2013/07/the-endogenity-of-money.html" rel="nofollow">this</a>.<br /><br />BTW, I know of at least two countries where the banking system LD ratio is above 1 (India and Korea).hishamhhttps://www.blogger.com/profile/06265308095732759923noreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-31604334484941584152017-08-08T11:42:07.721+08:002017-08-08T11:42:07.721+08:00@ammarex
The opposite perspective: without bank-c...@ammarex<br /><br />The opposite perspective: without bank-created money, economic growth would be impossible, as a hard money system like gold or silver would not be able to keep up with the expansion of economic activity.<br /><br />In other words, economic development and the massive increase in human welfare over the past 300 years is due in part to the use of fiat currencies.hishamhhttps://www.blogger.com/profile/06265308095732759923noreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-27650625240772586412017-08-08T10:31:44.342+08:002017-08-08T10:31:44.342+08:00Ammarex, I think you meant Central Bank and not co...Ammarex, I think you meant Central Bank and not commercial bank. The last I look, banks in Malaysia loan / deposit ratio is still below 1, that is, they only loan out money when people (you and me) put our hard earned money as deposit with the commercial banks.Zuo Dehttps://www.blogger.com/profile/01581657028981206208noreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-24644774195327245432017-08-08T10:02:04.143+08:002017-08-08T10:02:04.143+08:00I am pointing my finger to the Banking System that...I am pointing my finger to the Banking System that the whole world is using.<br /><br />The main culprit is the ability ofCommercial Bank to create money also term aa Money Created by Commercial Bank which is said to be 97% of the money in the economy for all nations in the World.<br /><br />The over supply of money have push the prices of all goods that inevitably resulting of destitute poverty.ammarexhttps://www.blogger.com/profile/07025167171782448645noreply@blogger.com