I see, I don’t remember any of that being in the post I replied to (perhaps you edited your post?). I see how that article supports your view that Singapore did engage in “economic stimulus”. My (mis)perception comes from the fact that I was only looking at the change in the debt level, when they paid for their “stimulus package” out of savings (so didn’t show up as much increase in debt).
On the other hand, I think my judgment that Singapore responded better than the US to the economic downturn is still well supported. Their Stimulus was much more focused on lowering the cost of hiring workers than the US stimulus package and for that the current administration deserves some blame. Don’t you agree?
I see, I don’t remember any of that being in the post I replied to (perhaps you edited your post?). I see how that article supports your view that Singapore did engage in “economic stimulus”. My (mis)perception comes from the fact that I was only looking at the change in the debt level, when they paid for their “stimulus package” out of savings (so didn’t show up as much increase in debt).
On the other hand, I think my judgment that Singapore responded better than the US to the economic downturn is still well supported. Their Stimulus was much more focused on lowering the cost of hiring workers than the US stimulus package and for that the current administration deserves some blame. Don’t you agree?