Showing 1 - 6 of 6
Digital wallet scheme hits another snag
Oped, Chartchai Parasuk, Published on 13/06/2024
» The new financing problem of the 10,000-baht cash handout, commonly known as the Digital Wallet Scheme (DW), has not made much noise in the media. This may be because the government wants this to be a non-issue, but in reality, it is a serious one that could wreck the entire scheme.
Handout difficult without BoT's help
Oped, Chartchai Parasuk, Published on 18/04/2024
» The purpose of this article is to educate the public about the real issue of the digital wallet scheme. The issue is not "HOW to get the 500 billion baht?" but "Is there 500 billion baht AVAILABLE to be borrowed?"
Financial crisis looms over Thailand
Oped, Chartchai Parasuk, Published on 25/01/2024
» The definition of an "economic crisis" is much debated in Thailand. This is because one of the requirements for enacting the emergency fiscal borrowing decree is that the economy must be in crisis.
Liquidity shortage a big risk for govt
News, Chartchai Parasuk, Published on 16/11/2023
» Liquidity is the most ignored issue in economics. Liquidity is considered to be like "oxygen" which is readily available when needed and, thus, has no intrinsic value.
New lockdown bodes economic misery
Oped, Chartchai Parasuk, Published on 07/01/2021
» My first article of the year cannot be about anything but the Covid-19 lockdown. Actually, I planned to write about the two-month disappearance of the world-famous Jack Ma -- founder of Alibaba and Alipay. He has an innovative idea to revolutionise the Chinese financial system but his revolutionary idea was not agreeable with Chinese authorities and caused him to "disappear". What interests me is not China's internal affairs. But his idea, once put into use, will revolutionise the global economy as well. Milton Friedman (a Nobel Prize laureate in Economics and the father of monetary policy) and his Optimum Quantity of Money theory will become useless. His idea, if taken far enough, might be able to pull the world economy out of the Covid slump. Sound interesting? Readers have to wait until my next article, which will come in two weeks' time.
Don't bet on stimulus saving economy
News, Chartchai Parasuk, Published on 29/08/2019
» You may have read elsewhere that the government's new 316-billion-baht economic stimulus package will not work. I second those opinions but for totally different reasons.