The news on fuel price hike really created a certain kind of fear in most Malaysians. I mean, there would of course be major effects resulted from this rise. I kept pondering about the likely outcomes in the near future. The price of rice had already risen and soon, there will be new tariff on electricity.
"An economist is an expert who will know tomorrow why the things he predicted yesterday didn't happen today."
Laurence J. Peter
A friend of mine said,
"Economics is based on assumptions".
My reply to him was,
"Assumptions, assumptions, assumptions, where is the certainty?"
The only reason why I went against him was that we were in an Economics Debate Competition. Otherwise, I would agree with him all the way.
Of course, I just can't deny that Economics is all about making predictions by using multitudinous theories and concepts. Economics is definitely one of my favourite IB (International Baccalaureate) subjects. With all of its concepts and theories, there are so many conclusions can be drawn from a single occasion.
Well, as for our beloved country, people began to think of ways for them to lessen the burden caused from the higher price of goods and services. As for myself, high price for rice - I can survive by eating sandwiches; increase in fuel price? Public transport of course! Well, I know they might not be good solutions but at least it's a start. We know inflation will happen eventually. It is not a question of why but more of a question of how - how do we overcome it?
I wonder what else will happen after this. I don't know; so I guess I'll keep predicting...
"An economist is an expert who will know tomorrow why the things he predicted yesterday didn't happen today."
Laurence J. Peter
A friend of mine said,
"Economics is based on assumptions".
My reply to him was,
"Assumptions, assumptions, assumptions, where is the certainty?"
The only reason why I went against him was that we were in an Economics Debate Competition. Otherwise, I would agree with him all the way.
Of course, I just can't deny that Economics is all about making predictions by using multitudinous theories and concepts. Economics is definitely one of my favourite IB (International Baccalaureate) subjects. With all of its concepts and theories, there are so many conclusions can be drawn from a single occasion.
Well, as for our beloved country, people began to think of ways for them to lessen the burden caused from the higher price of goods and services. As for myself, high price for rice - I can survive by eating sandwiches; increase in fuel price? Public transport of course! Well, I know they might not be good solutions but at least it's a start. We know inflation will happen eventually. It is not a question of why but more of a question of how - how do we overcome it?
I wonder what else will happen after this. I don't know; so I guess I'll keep predicting...
public transport had been a major transportation option for developed country like australia n uk like long long way back. but for Malaysia to use it too, big make over have to be done to our transportation system,especially to the 'perangai' of the drivers.
ReplyDeleteso true...
ReplyDeletethey should also increase the no. of commuter n busses. if the no is limited, then how do u expect people to use it more.
take a look at www.chedet.com .
ReplyDeletethen you will see how much buses rapid kl has and how many is working.