M
morganist
Below is a letter I sent to the Finance Minister of Singapore. I put forward my concerns about the Asian economy and solutions to the problems that may arise as a result of China's tightened credit conditions. The source is from my blog morganist economics.
To: Ministry of Finance
100 High Street
#06-03 The Treasury
Singapore 179434
To: The Finance Minister of Singapore Mr Heng Swee Keat.
Regarding: Economic Growth - Reducing Government Debt.
Friday, 25th October 2019.
I have my concerns about the Asian economy as a result of China's far worsening tightened credit conditions and the limitations of the Indian banking system, which is seeing a rise in the number of defaults. Both of these economic difficulties could become problematic for the economy of Singapore. A banking crisis in particular could spread and impact the whole of the Asian economy. Making sure there is sufficient economic growth in the economy protects against debt defaults and the spread of bad debt from nation to nation, growth is imperative.
I am an independent macroeconomist located in the United Kingdom who develops new tools and policies to enable economic growth. I have noticed Singapore's government debt has increased by nine percent in the last three years. I believe the percentage of government debt to Gross Domestic Product can be reduced through economic growth. I have enclosed a copy of a book I have written entitled, 'Economic Growth in A Highly Constrained Environment', providing original methods of generating economic growth, to reduce national debt to GDP.
I have also enclosed a copy of another finance book I have written entitled, 'Modern Applied Macroeconomics', which uses pension policy as a macroeconomic control tool and economic stimulus. The book was originally a paper written in 2006, which has been so heavily applied in the United Kingdom that it has completely reformed economic policy. Pension policy is now a macroeconomic control tool and has been reformed in a way that it generates massive treasury cost efficiencies, through altering how pension tax relief is paid to retirement savers.
I believe the new economic techniques I have developed can be used in Singapore to protect against the difficulties seen in the wider Asian economy. This in turn will help to stabilise the global economy and prevent the spread of a further banking crisis. It may be worth increasing the level and availability of central bank reserves to protect against the threat of bank runs, which often occur at the same time as debt defaults. The majority of loans calculate interest as a percentage of the principal investment, so perpetual growth is required in an economy.
Kind Regards.
Peter James Rhys Morgan.
To: Ministry of Finance
100 High Street
#06-03 The Treasury
Singapore 179434
To: The Finance Minister of Singapore Mr Heng Swee Keat.
Regarding: Economic Growth - Reducing Government Debt.
Friday, 25th October 2019.
I have my concerns about the Asian economy as a result of China's far worsening tightened credit conditions and the limitations of the Indian banking system, which is seeing a rise in the number of defaults. Both of these economic difficulties could become problematic for the economy of Singapore. A banking crisis in particular could spread and impact the whole of the Asian economy. Making sure there is sufficient economic growth in the economy protects against debt defaults and the spread of bad debt from nation to nation, growth is imperative.
I am an independent macroeconomist located in the United Kingdom who develops new tools and policies to enable economic growth. I have noticed Singapore's government debt has increased by nine percent in the last three years. I believe the percentage of government debt to Gross Domestic Product can be reduced through economic growth. I have enclosed a copy of a book I have written entitled, 'Economic Growth in A Highly Constrained Environment', providing original methods of generating economic growth, to reduce national debt to GDP.
I have also enclosed a copy of another finance book I have written entitled, 'Modern Applied Macroeconomics', which uses pension policy as a macroeconomic control tool and economic stimulus. The book was originally a paper written in 2006, which has been so heavily applied in the United Kingdom that it has completely reformed economic policy. Pension policy is now a macroeconomic control tool and has been reformed in a way that it generates massive treasury cost efficiencies, through altering how pension tax relief is paid to retirement savers.
I believe the new economic techniques I have developed can be used in Singapore to protect against the difficulties seen in the wider Asian economy. This in turn will help to stabilise the global economy and prevent the spread of a further banking crisis. It may be worth increasing the level and availability of central bank reserves to protect against the threat of bank runs, which often occur at the same time as debt defaults. The majority of loans calculate interest as a percentage of the principal investment, so perpetual growth is required in an economy.
Kind Regards.
Peter James Rhys Morgan.
